45 Homes outside UK owned through company etc
Finance Act 2008 (2008 c 9) | Legislation

Employment matters

45  Homes outside UK owned through company etc

(1)     In ITEPA 2003, after section 100 insert—

“100A Homes outside UK owned through company etc

(1)     This Chapter does not apply to living accommodation outside the United Kingdom provided by a company for a director or other officer of the company (“D”) or a member of D's family or household if—

(a)     the company is wholly owned by D or D and other individuals (and no interest in the company is partnership property), and

(b)     the company has been the holding company of the property at all times after the relevant time.

(2)     The company is “the holding company of the property” when—

(a)     it owns a relevant interest in the property,

(b)     its main or only asset is that interest, and

(c)     the only activities undertaken by it are ones that are incidental to its ownership of that interest.

(3)     The company is also “the holding company of the property” when—

(a)

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