SCHEDULES

SCHEDULE 4Relief for carried-forward losses

PART 9Tax avoidance

80Change in company ownership

1

Section 677 (introduction to Chapter 3) is amended as follows.

2

In subsection (3), for “6” substitute “8”.

3

In subsection (5), for “6” substitute “8”.

4

The amendments made by this paragraph do not have effect unless both the change in ownership referred in section 677(1) and the major change in the nature or conduct of a business referred to in section 677(3) occur on or after 1 April 2017.