87(1)Section 704 (company carrying on UK property business) is amended as follows.U.K.
(2)In subsection (2), for “3” substitute “ 5 ”.
(3)In subsection (10), in the words after paragraph (b), for “3” substitute “ 5 ”.
(4)The amendments made this paragraph do not have effect unless both the change in ownership referred in section 704(1) and the major change in the nature or conduct of a trade or business referred to in section 704(2) occur on or after 1 April 2017.