Section 177 — Corporation Tax Act 2010: Cases in which both sections 172 and 174 apply

Cases in which both sections 172 and 174 apply 177 1 This section applies in a case in which sections 172 and 174 apply but section 170 does not.

2 Determine what company A's proportion would be—

a on the basis mentioned in section 172(1),

b on the basis mentioned at Step 4 in section 174, c on those bases taken together, and d ignoring sections 172 and 174.

3 Company A's proportion is taken to be the lowest proportion determined under subsection (2).