{
  "url": "https://openlegislation.uk/finance-no-2-act-2017/schedule-4/paragraph-74",
  "json_url": "https://openlegislation.uk/finance-no-2-act-2017/schedule-4/paragraph-74.json",
  "legislation": "ukpga/2017/32",
  "legislation_title": "Finance (No. 2) Act 2017",
  "legislation_url": "https://openlegislation.uk/finance-no-2-act-2017",
  "path": "schedule/4/paragraph/74",
  "kind": "paragraph",
  "number": "74",
  "heading": null,
  "text": "After section 674 insert—\n“Section 674: exception for certain losses of ring fence trade\n674A (1) Section 674 does not prevent relief being given for a loss if—\n(a) the loss is made in a ring fence trade,\n(b) the loss is not a non-decommissioning loss,\n(c) it is condition A in section 673 that is met, and\n(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.\n(2) In this section—\n“non-decommissioning loss” is to be interpreted in accordance with section 303A;\n“ring fence trade” has the same meaning as in Part 8 (see section 277).”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/74",
    "retrieved_at": "2026-10-29T09:05:16.335265+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."
}