{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-672",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-672.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/672",
  "kind": "section",
  "number": "672",
  "heading": "Overview of Part",
  "text": "(1) Chapter 2 restricts relief for trading losses in some cases where there is a change in the ownership of a company.\n(1A) Chapter 2A restricts relief in some further cases involving a change in the company's activities.\n(1B) Chapter 2B restricts relief for trading losses in some cases involving the transfer of an asset.\n(1C) Chapters 2C and 2D restrict group relief for carried-forward losses in some cases.\n(1D) Chapter 2E restricts relief for trading losses in some cases involving the transfer of a trade.\n(2) Chapters 3 and 4 restrict relief in some cases where there is a change in the ownership of a company with investment business.\n(3) Chapter 5 restricts relief for property losses in some cases where there is a change in the ownership of a company without investment business.\n(3A) Chapter 5A restricts relief for certain non-trading deficits and losses where there is a change of ownership of a shell company.\n(4) Chapter 6 enables unpaid corporation tax to be recovered from a linked person in some cases where there is a change in the ownership of a company.\n(5) Chapter 8 contains supplementary provision.\n(6) See also Chapter 7 of Part 22 (recovery of unpaid corporation tax due from non-UK resident company).\n(7) For the meaning of—\n(a) “change in the ownership of a company”, see Chapter 7,\n(b) “company with investment business”, see section 729, ...\n(ba) shell company”, see section 705A, and\n(c) “linked” person, see section 706.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 672(1A)-(1D) inserted (with effect in accordance with Sch. 4 para. 190 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 71"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 672(3A) inserted (with effect in accordance with Sch. 13 para. 3 of the amending Act) by Finance Act 2013 (c. 29), Sch. 13 para. 1(2)(a)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Word in s. 672(7)(b) omitted (with effect in accordance with Sch. 13 para. 3 of the amending Act) by virtue of Finance Act 2013 (c. 29), Sch. 13 para. 1(2)(b)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "S. 672(7)(ba) inserted (with effect in accordance with Sch. 13 para. 3 of the amending Act) by Finance Act 2013 (c. 29), Sch. 13 para. 1(2)(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/672",
    "retrieved_at": "2026-10-29T09:10:29.433154+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}