Readers Forum: Trading losses

I understand from CTA 2010 s 673 that pre and post April 2017 trading losses are restricted if there is a major change in the nature and conduct of the trade (condition A) or the acquisition occurred when the trading activities become small or negligible and before a major revival (condition B).

Does condition B apply if there was no turnover in the year of acquisition but the company did not cease trading eg it was a ring fence company that closed its plant and was later sold in that year with pre-April 2017 trading losses and there is no major revival after the change of ownership until after three years of the change? Will the pre April 2017 losses be denied?

If we look at s 674A the losses will still be available even if condition A is met but the major change...