Corporation Tax Act 2009 (c. 4)

Part 8 U.K. Intangible fixed assets

Chapter 8 U.K. Groups of companies: introduction

Rules U.K.

766 Only effective 51% subsidiaries of principal company to be members of group U.K.

(1) A group of companies does not include any company (other than the principal company of the group) that is not an effective 51% subsidiary of the principal company of the group.

(2) For the meaning of “effective 51% subsidiary”, see section 771.