Where there is a change in the ownership of a company (¶731-120), and condition 1 or 2 below apply, relief for the following losses is denied:

(1)trading losses carried back from an accounting period ending after the change of ownership to an accounting period ending before the change of ownership under any of the following provisions (CTA 2010, s. 674(1)):

(a)pre- or post-1 April 2017 trading losses carried back under CTA 2010, s. 37 (¶730-200); or

(b)pre- or post-1 April 2017 ring fence trade losses carried back under CTA 2010, s. 42.

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