SCHEDULES
SCHEDULE 6Consortium claims for group relief
Limitations on group relief based on proportion of voting power held by company
7
1
Section 143 (which makes provision limiting the amount of group relief that is available in cases where the surrendering company is owned by a consortium) is amended as follows.
2
In subsection (3)—
a
omit the “and” at the end of paragraph (b), and
b
at the end of paragraph (c) insert
, and
d
the proportion of the voting power in the surrendering company that is directly possessed by the claimant company.
3
In subsection (4)(a), for “paragraphs (a) to (c)” substitute “
paragraphs (a) to (d)
”
.