67(1)Section 951 (part of trade treated as separate trade) is amended as follows.
(2)After subsection (6) insert—
“(7)Subsection (8) applies if—
(a)a company (“the transferor”) ceases to carry on a trade (“trade Z”),
(b)another company (“the transferee”) begins to carry on the activities of trade Z as part of its trade (“part Z”) and
(c)by reason of this Chapter an amount of a loss made in trade Z is carried forward under section 45A(4), 45B(2), 303B(2) or 303D(3) to an accounting period of the transferee.
(8)The provisions of sections 45A to 45F and 303B to 303D have effect, in so far as they apply (or re-apply) in relation to the amount carried forward (or any part of it), as if the transferee carries or carried on part Z as a separate trade.”