# Corporation Tax Act 2010, Section 674A: Section 674: exception for certain losses of ring fence trade


(1) Section 674 does not prevent relief being given for a loss if—
(a) the loss is made in a ring fence trade,
(b) the loss is not a non-decommissioning loss,
(c) it is condition A in section 673 that is met, and
(d) the major change by reference to which that condition is met did not occur within a period of 3 years in which the change in ownership occurred.
(2) In this section—
“non-decommissioning loss” is to be interpreted in accordance with section 303A;
“ring fence trade” has the same meaning as in Part 8 (see section 277).

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/674A (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-674A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.