294 The relevant company to carry on the relevant qualifying activity requirement
Income Tax Act 2007 (2007 c 3) | Legislation

294  The relevant company to carry on the relevant qualifying activity requirement

(1)     The requirement of this section is met if, at no time after the issue of the relevant holding, has the relevant qualifying activity in question been carried on by a person other than—

(a)     the relevant company, or

(b)     a qualifying 90% subsidiary of that company.

In this subsection “the relevant qualifying activity in question” means the relevant qualifying activity by reference to which the requirement of section 293 is met.

(2)     The requirement of this section is not to be regarded as failing to be met merely because of the carrying on of the trade in question by a person other

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