394. Change In Ownership Of A Company Carrying On Property Business. | Taxation Law | LexisNexis

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394. Change in ownership of a company carrying on property business.

Where there is a change in the ownership of a company carrying on a UK property business¹, the company is not a company with investment business², and either:

(1) within any period of three years in which the change in ownership occurs there is a major change in the nature or conduct of a trade or UK property business carried on by the company; or
(2) the change of ownership occurs at any time after the scale of activities in the trade or UK property business carried on by the company has become small or negligible and before any

(9) Taxation Of Companies

347. General scheme of corporation tax.

348. Diverted profits tax.

349. Digital Services Tax.

350. Non-resident companies.

351. Meaning of permanent establishment.

352. Determination of profits attributable to permanent establishment.

353. Basis of and periods for assessment.

354. General rule as to when corporation tax is due and payable.

355. Rates of corporation tax and calculating corporation tax payable.

356. Responsibility of company officers.

357. Duties of senior accounting officers of qualifying companies.

358. Meaning of 'control' in certain contexts.

359. Availability of relief for companies.

360. Rules for categorising income.

361. Computation of profits of a trade.

362. Companies beginning or ceasing to carry on trade.

363. Loan relationships.

364. Meaning of 'control' for purposes of loan relationships.

365. Method of bringing amounts into account.

366. Amounts recognised in determining a company's profit or loss and accounting bases.

367. Adjustment on change of accounting policy.

368. Rules differing from generally accepted accounting practice.

369. Non-trading deficit on loan relationships.

370. Special computational provisions: impairment losses and releases of debts; connected companies and group relief claims.

371. Special computational provisions: companies ceasing to be UK resident; transactions not at arm's length; loan relationships for unallowable purposes and tax avoidance arrangements.

372. European cross-border mergers.

373. Cross-border transfer of business within the European Union.

374. Continuity of treatment on transfers within groups or on reorganisations.

375. Derecognition.

376. Special computational provisions: discounted securities.

377. Special computational provisions: interest paid late and imputed interest.

378. Special computational provisions: other matters.

379. Gilt-edged securities.

380. Relationships Treated as Loan Relationships: overview.

381. Relevant non-lending relationships.

382. Disguised interest.

383. Manufactured interest.

384. Relief for qualifying donations and expenditure on grassroots sport.

385. Derivative contracts in general.

386. Trading losses.

387. Relief for pre-trading expenditure.

388. Property losses.

389. Write-off of government investment.

390. Leasing contracts and company reconstructions.

391. Losses from miscellaneous transactions.

392. Change in ownership of company; disallowance of trading losses.

393. Change in ownership of a company: prevention of avoidance of corporation tax and postponed corporation tax.

394. Change in ownership of a company carrying on property business.

395. Change in ownership of a shell company.

396. Rules for ascertaining change in ownership of company.

397. Information relating to change in company ownership.

398. Conditions for relief.

399. Persons to whom a trade belongs.

400. Effect of company reconstruction.

401. Mergers in accordance with the European Mergers Directive.

402. Taxation of leasing plant and machinery.

403. Gains in respect of intangible fixed assets.

404. Group mismatch schemes in general.

405. Counteracting deduction/non-inclusion and double deduction mismatches.