Part 4Loss relief
Chapter 5Losses on disposal of shares
Qualifying trading companies: the requirements
83The property managing subsidiaries requirement
(1)
The property managing subsidiaries requirement is that any property managing subsidiary that the company has must be a qualifying 90% subsidiary of the company.
(2)
In this section—
“property managing subsidiary” has the meaning given by section 188(2) of ITA 2007, and
“qualifying 90% subsidiary” has the meaning given by section 190 of that Act.