SCHEDULES

SCHEDULE 4Relief for carried-forward losses

PART 9Tax avoidance

Change in company ownership

83

(1)

In section 690 (meaning of “significant increase in the amount of a company's capital: amount B), in subsection (3) for “3” substitute “ 5 ”.

(2)

The amendment made by this paragraph does not have effect unless the change in ownership referred in section 677(1) occurs on or after 1 April 2017.