106 “The participation condition”
Finance Act 2015 (2015 c 11) | Legislation

Interpretation

106  “The participation condition”

(1)     This section applies for the purposes of sections 80 and 86(2).

(2)     In this section “the first party” and “the second party” mean—

(a)     where this section applies for the purposes of section 80, C and P (within the meaning of section 80) respectively, and

(b)     where this section applies for the purposes of section 86(2), the foreign company and A (within the meaning of section 86) respectively.

(3)     The participation condition is met in relation to the first party and the second party (“the relevant parties”) if—

(a)     condition A is met in relation

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