Corporation Tax Act 2010 (c. 4)

Part 5 U.K. Group relief

Chapter 7 U.K. Miscellaneous provisions and interpretation of Part

Interpretation U.K.

185 “Trading company” and “holding company” U.K.

(1) In this Part “trading company” means a company the business of which consists wholly or mainly in the carrying on of a trade or trades.

(2) In this Part “holding company” means a company the business of which consists wholly or mainly in the holding of shares or securities of companies that—

(a) are its 90% subsidiaries (see section 151), and

(b) are trading companies.