32 Change in company ownership: company reconstructions
Finance Act 2013 (2013 c 29) | Legislation

32  Change in company ownership: company reconstructions

(1)     For section 676 of CTA 2010 (disallowance of trading losses where company reconstruction without a change of ownership) substitute—

“676 Company reconstructions

(1)     Subsection (2) applies if, before the change in ownership—

(a)     a trade carried on by another company (“the predecessor company”) is transferred to the company, and

(b)     the transfer is a transfer to which Chapter 1 of Part 22 applies (transfers of trade without a change of ownership).

(2)     In determining any relief available to the company by virtue of section 944(3) (carry forward

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