Introduction Overview Overview
2102.Chapter 3 is the second of four Chapters dealing with various kinds of loss buying. It has the following structure.
	Section 677 (introduction) lays down the conditions for the Chapter to apply and defines some key terms.
	If the Chapter applies, section 678 (notional split of accounting period in which change in ownership occurs) sets the stage. It splits the period in which the change in ownership occurs into two notional accounting periods, and indicates that certain amounts need to be apportioned between these two periods.
	Sections 679 to 684 are a group of six sections restricting various kinds of corporation tax relief. If, having reviewed them, the reader is satisfied that in the case under review these sections make no practical difference, the reader is able to conclude that there is in practice no need to make the apportionments required by section 678.
	Sections 685 and 686 are the detailed rules for making apportionments of amounts for the purposes of this Chapter.
	Section 687 provides for the adjustment of balancing charges in certain cases in which corporation tax relief is restricted.
	Sections 688 to 691 define “significant increase in the amount of a company’s capital”.