Related Commentary  Related HMRC Manuals

1154(1)  Subsections (2) to (4) define, for the purposes of the Corporation Tax Acts, the circumstances in which a body corporate (“B”) is a 51% subsidiary, a 75% subsidiary or a 90% subsidiary of another body corporate (“A”).

1154(2)  B is a 51% subsidiary of A if more than 50% of B's ordinary share capital is owned directly or indirectly by A.

1154(3)  B is a 75% subsidiary of A if at least 75% of B's' ordinary share capital is owned directly or indirectly by A.

1154(4)  B is a 90% subsidiary of A if at least 90% of B's ordinary share capital is owned directly by A.

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