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
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