Meaning of “holding company”
4(1)In paragraph 22(1) (interpretation) for the definition of “holding company” substitute—
““holding company” means a company that has one or more 51% subsidiaries;”.
(2)In paragraph 23 (provisions as to holdings in joint venture companies), omit the following provisions—
(a)the final sentence of sub-paragraph (4);
(b)sub-paragraph (5);
(c)in sub-paragraph (7), the words “, (5)(b)”.
(3)The amendments in this paragraph apply to disposals on or after 17th April 2002 and as they so apply have effect in relation to periods of ownership on or after that date.