709Meaning of “the relevant period”U.K.
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(1)This section applies for the purposes of this Chapter.
(2)“The relevant period”, in relation to a change in the ownership of a company, means the period of 3 years before the change.
(3)But if in the period of 3 years before the change (“the later change”) there was another change in the ownership of the company (“the earlier change”), “the relevant period”, in relation to the later change, means the period between the earlier change and the later change.