If there is a change in the ownership1 of a company ('the company')2 and either of the following conditions is met3, namely:
(1) within any period beginning no more than three years before the change in ownership occurs which is a period of five years in which that change occurs there is a major change in the nature or conduct of a trade4 carried on by the company5; or
(2) the change of ownership occurs at any time after the scale of the activities in a trade carried on by a company has become small or negligible, and before
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