3(1)A company is a member of a group if—
(a)another company is its 51% subsidiary, or
(b)it is a 51% subsidiary of another company.
(2)Two companies are members of the same group if—
(a)one is a 51% subsidiary of the other, or
(b)both are 51% subsidiaries of another company.
(3)Sub-paragraph (4) applies where a company (“Q”)—
(a)is a qualifying asset holding company for the purposes of Schedule 2 to this Act, and
(b)is a member of a worldwide group, within the meaning given by section 473 of TIOPA 2010.
(4)Another company is not a member of the same group as Q for the purposes of this Schedule if, by virtue of paragraph 42(2)(a) of Schedule 2 to this Act, that other company is not a member of the same worldwide group as Q for the purposes of Part 10 of TIOPA 2010 (corporate interest restriction).
(5)Chapter 3 of Part 24 of CTA 2010 (meaning of 51% subsidiary) applies for the purposes of this Schedule as it applies for the purposes of the Corporation Tax Acts.