Land and Buildings Transaction Tax (Scotland) Act 2013 (asp 11)

SCHEDULE 10 Group relief

PART 4 Interpretation

When is a company a subsidiary of another company?

45 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).