Finance (No. 3) Act 2010 (c. 33)

SCHEDULES

SCHEDULE 6 U.K. Consortium claims for group relief

Limitations on group relief based on proportion of voting power held by company U.K.

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. U.K.

(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) ”.