Part 5

Group relief
Chapter 6

Equity holders and profits or assets available for distribution

Company’s entitlement to profits or assets available for distribution: supplementary

Cases in which both sections 170 and 172 apply
175
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).