Part 5Group relief

Chapter 5Subsidiaries, groups and consortiums

Introduction

150Overview of Chapter

(1)

This Chapter explains how to determine if a company—

(a)

is a 75% or 90% subsidiary of another company (see section 151),

(b)

is a member of a group of companies (see section 152),

(c)

is owned by a consortium (see section 153), or

(d)

is a member of a consortium (see section 153).

(2)

Sections 154 to 156 qualify those explanations in cases involving transfers of companies.