191 Meaning of “qualifying subsidiary”
Income Tax Act 2007 (2007 c 3) | Legislation

191  Meaning of “qualifying subsidiary”

(1)     For the purposes of this Part, a company (“the subsidiary”) is a qualifying subsidiary of another company (“the relevant company”) if the following conditions are met.

(2)     The conditions are that—

(a)     the subsidiary is a 51% subsidiary of the relevant company,

(b)     no person other than the relevant company, or another of its subsidiaries, has control of the subsidiary, and

(c)     no arrangements are in existence by

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