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Corporation Tax Act 2010

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Changes over time for: Cross Heading: The control and independence requirement

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Point in time view as at 01/04/2010.

Changes to legislation:

Corporation Tax Act 2010, Cross Heading: The control and independence requirement is up to date with all changes known to be in force on or before 12 June 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

The control and independence requirementU.K.

31(1)In relation to shares issued before 6 April 2007, section 81(1)(a) applies with the omission of “of the company”.U.K.

(2)In relation to shares issued before 21 March 2000, section 81 applies with the following modifications—

(a)the substitution for subsections (1) to (3) of—

(1)The control element of the requirement is that—

(a)the company must not control (or together with any person connected with it control) another company or have a 51% subsidiary, and

(b)no arrangements must be in existence by virtue of which the company could fail to meet paragraph (a).

(2)The independence element of the requirement is that—

(a)the company must not be under the control of another company (or another company and any other person connected with that company) or be a 51% subsidiary of another company, and

(b)no arrangements must be in existence by virtue of which the company could fail to meet paragraph (a).

(3)This section is subject to section 87(3); and nothing in subsection (1) prevents the company having one or more qualifying subsidiaries., and

(b)in subsection (4) the omission of the definition of “arrangements” and, in the definition of “control”, the omission of “, in subsection (1)(a),” and the words “(but see section 1124 for the meaning of “control” in subsection (2)(a)(ii))”.

(3)Section 81 does not apply in relation to shares issued before 6 April 1998.

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