Part 8Intangible fixed assets
Chapter 8Groups of companies: introduction
Rules
765General rule: a company and its 75% subsidiaries form a group
(1)
The general rule is that—
(a)
a company (“A”) and all its 75% subsidiaries form a group, and
(b)
if any of those subsidiaries have 75% subsidiaries, the group includes them and their 75% subsidiaries, and so on.
(2)
A is referred to in this Chapter and in Chapter 9 as the principal company of the group.
(3)
Subsections (1) and (2) are subject to the following provisions of this Chapter.