Statute
Section 766 — Corporation Tax Act 2009: Only effective 51% subsidiaries of principal company to be members of group
Text of the provision Official document
Only effective 51% subsidiaries of principal company to be members of group 766 1 A group of companies does not include any company (other than the principal company of the group) that is not an effective 51% subsidiary of the principal company of the group.
2 For the meaning of “effective 51% subsidiary”, see section 771.
Official source: legislation.gov.uk
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