# Corporation Tax Act 2010, Section 705A: Introduction to Chapter


(1) This Chapter applies where there is a change in the ownership of a shell company.
(2) In this Chapter—
“the change in ownership” means the change in ownership mentioned in subsection (1);
“the company” means the company mentioned in subsection (1);
“shell company” means a company that—
(a)is not carrying on a trade,
(b)is not a company with investment business, and
(c)is not carrying on a UK property business.

---
Source: https://www.legislation.gov.uk/ukpga/2010/4/section/705A (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-705A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.