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

302  Meaning of “qualifying subsidiary”

(1)     For the purposes of this Chapter, a company (“the subsidiary”) is a qualifying subsidiary of 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 virtue

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