Part 5Group relief
Chapter 6Equity holders and profits or assets available for distribution
Company's entitlement to profits or assets available for distribution: supplementary
178Cases in which sections 170, 172 and 174 all apply
(1)
This section applies in a case in which sections 170, 172 and 174 all apply.
(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 the basis mentioned at Step 4 in section 174,
(d)
on the bases mentioned in sections 170(2) and 172(1) taken together,
(e)
on the bases mentioned in section 170(2) and at Step 4 in section 174 taken together,
(f)
on the bases mentioned in section 172(1) and at Step 4 in section 174 taken together,
(g)
on the bases mentioned in section 170(2), section 172(1) and at Step 4 in section 174 taken together, and
(h)
ignoring sections 170, 172 and 174.
(3)
Company A's proportion is taken to be the lowest proportion determined under subsection (2).