201 Inclusion ratio
Finance (No 2) Act 2023 (2023 c 30) | Legislation

201  Inclusion ratio

(1)     A responsible member's inclusion ratio for a member with a top-up amount (“the relevant member”) is found as follows—

Step 1
Determine the adjusted profits of the relevant member with the top-up amount (in accordance with Chapter 4).

Step 2
Determine how much of those profits are attributable to ownership interests held by [individuals and] entities other than the responsible member.

Step 3
Subtract the amount determined under Step 2 from the amount determined under Step 1.

Step 4
The

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