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Textual Amendments
F1 Sch. 11 Pt. 4A inserted (1.4.2015) by Revenue Scotland and Tax Powers Act 2014 (asp 16) , s. 260(2) , Sch. 4 para. 9(21)(d) (with ss. 257-259 ); S.S.I. 2015/110 , art. 2(1)
35CSFor the purposes of paragraph 35B—
(a) “ relevant time ” means any time between the effective date of the relevant transaction and the change of control by virtue of which tax is chargeable, and
(b)a company (“company A”) is “above” another company (“company B”) in a group structure if company B, or another company that is above company B in the group structure, is a 75% subsidiary of company A.]