# Finance (No. 2) Act 2017, Paragraph 88


(1) Section 705 (company carrying on overseas property business) is amended as follows.
(2) In subsection (2), for “3” substitute “ 5 ”.
(3) In subsection (9), in the words after paragraph (b), for “3” substitute “ 5 ”.
(4) The amendments made by this paragraph do not have effect unless both the change in ownership referred in section 705(1) and the major change in the nature or conduct of a trade or business referred to in section 705(2) occur on or after 1 April 2017.

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Source: https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/88 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2017/schedule-4/paragraph-88
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.