# Corporation Tax Act 2010, Section 684: Disallowance of overseas property business losses


(1) This section has effect for the purpose of restricting relief under section 66 for a loss made by the company in an overseas property business before the change in ownership.
(2) A loss in the business made in an accounting period beginning before the change in ownership may not be used under section 66(3) to reduce the profits of the business of an accounting period ending after the change in ownership.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/684 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-684
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.