Part 4

Loss relief
Chapter 5

Losses on disposal of shares

Qualifying trading companies: the requirements

The qualifying subsidiaries requirement
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1
The qualifying subsidiaries requirement is that any subsidiary that the company has must be a qualifying subsidiary of the company.
2
In this section “qualifying subsidiary” is to be read in accordance with section 191 of ITA 2007.
Pt. 4 modified (with effect in accordance with reg. 1(2) of the amending S.I.) by The Risk Transformation (Tax) Regulations 2017 (S.I. 2017/1271), regs. 1(1), 10
Pt. 4 excluded (14.7.2022) by Energy (Oil and Gas) Profits Levy Act 2022 (c. 40), s. 1(5)(e) (with ss. 15(1), 16(1))