SCHEDULE 10Group relief

PART 4Interpretation

When is a company a subsidiary of another company?

I145

For the purposes of paragraph 44(a)—

a

the ownership referred to is ownership either directly or through another company or companies,

b

the amount of ordinary share capital of A owned by B through another company or companies is to be determined in accordance with sections 1155 to 1157 of the Corporation Tax Act 2010 (c.4).