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

Where an officer of Revenue and Customs1 considers that:


    (1)     there has been a change in the ownership2 of a company ('X');


    (2)     any corporation tax assessed on X for an accounting period3 beginning before the change remains unpaid at any time more than six months after it was assessed; and


    (3)     any one of three conditions is met,

a person who is linked to X4 may be assessed and charged (in the name of X) to an amount of corporation tax which does not exceed the amount remaining unpaid5.

The conditions are:


    (a)     that:


      (i)     in the period of three