Change in company ownership
87(1)Section 704 (company carrying on UK property business) is amended as follows.
(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.