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Corporation Tax Act 2010

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Changes over time for: Cross Heading: Meaning of “qualifying 90% subsidiary”

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No versions valid at: 03/03/2010

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Point in time view as at 03/03/2010. This version of this cross heading contains provisions that are not valid for this point in time. Help about Status

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Corporation Tax Act 2010, Cross Heading: Meaning of “qualifying 90% subsidiary” is up to date with all changes known to be in force on or before 03 July 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Valid from 01/04/2010

Meaning of “qualifying 90% subsidiary”U.K.

41(1)This paragraph applies in relation to shares issued before 6 April 2007.U.K.

(2)Section 83 has effect in relation to a relevant time or a relevant period as if subsections (1A) to (1C) of section 190 of ITA 2007 (as applied for the purposes of the definition of “qualifying 90% subsidiary” by section 83(2) of this Act) were omitted.

(3)For the purposes of sub-paragraph (2)—

(a)a “relevant time” is any time relevant for the purposes of condition A in section 78(2) falling before 6 April 2007, and

(b)a “relevant period” is any period relevant for the purposes of condition B in section 78(3) ending before that date (but see also sub-paragraph (4)).

(4)In the case of a period relevant for the purposes of condition B in section 78(3) that ends on or after 6 April 2007 but begins before that date, the part of the period falling before that date is a “relevant period” for the purposes of sub-paragraph (2).

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