Part 5Group relief
Chapter 6Equity holders and profits or assets available for distribution
Company's entitlement to profits or assets available for distribution: supplementary
175Cases in which both sections 170 and 172 apply
(1)
This section applies in a case in which sections 170 and 172 apply but section 174 does not.
(2)
Determine what company A's proportion would be—
(a)
on the basis mentioned in section 170(2),
(b)
on the basis mentioned in section 172(1),
(c)
on those bases taken together, and
(d)
ignoring sections 170 and 172.
(3)
Company A's proportion is taken to be the lowest proportion determined under subsection (2).