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Part 5U.K.Group relief

Modifications etc. (not altering text)

C1Pt. 5 applied (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 125 (with s. 147, Sch. 17)

C2Pt. 5 excluded (with effect in accordance with Sch. 18 para. 63 of the amending Act) by Finance Act 2016 (c. 24), Sch. 18 para. 20(5)

C3Pt. 5 modified by 2009 c. 4, s. 1218ZDB(2) (as inserted (for specified purposes and with effect in accordance with Sch. 6 paras. 20, 21(1)(a) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 6 para. 1 (with Sch. 6 para. 21(3)))

C4Pt. 5 modified (with effect in accordance with reg. 1(2) of the amending S.I.) by The Risk Transformation (Tax) Regulations 2017 (S.I. 2017/1271), regs. 1(1), 10, 11

C5Pt. 5 applied (with modifications) (24.2.2022) by Finance Act 2022 (c. 3), Sch. 2 para. 47(4)

Chapter 5U.K.Subsidiaries, groups and consortiums

IntroductionU.K.

150Overview of ChapterU.K.

(1)This Chapter explains how to determine if a company—

(a)is a 75% or 90% subsidiary of another company (see section 151),

(b)is a member of a group of companies (see section 152),

(c)is owned by a consortium (see section 153), or

(d)is a member of a consortium (see section 153).

(2)Sections 154 to 156 qualify those explanations in cases involving transfers of companies.