{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-212E",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-212E.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/212E",
  "kind": "section",
  "number": "212E",
  "heading": "Principal companies",
  "text": "(1) A company (“U”) is a principal company of C if—\n(a) C is a qualifying 75% subsidiary of U, and\n(b) U is not a qualifying 75% subsidiary of another company.\n(2) A company (“V”) is a principal company of C if—\n(a) C is a qualifying 75% subsidiary of U,\n(b) U is a qualifying 75% subsidiary of V, and\n(c) V is not a qualifying 75% subsidiary of another company.\n(3) If V is a qualifying 75% subsidiary of another company (“W”), W is a principal company of C unless W is a qualifying 75% subsidiary of another company, and so on.\n(4) A company (“X”) is a principal company of C if—\n(a) C is owned by a consortium of which X is a member, or\n(b) C is a qualifying 75% subsidiary of a company owned by a consortium of which X is a member,\nand X is not a qualifying 75% subsidiary of another company.\n(5) A company (“Y”) is a principal company of C if—\n(a) C is owned by a consortium of which X is a member, or\n(b) C is a qualifying 75% subsidiary of a company owned by a consortium of which X is a member,\nand X is a qualifying 75% subsidiary of Y but Y is not a qualifying 75% subsidiary of another company.\n(6) If Y is a qualifying 75% subsidiary of another company (“Z”), Z is a principal company of C unless Z is a qualifying 75% subsidiary of another company, and so on.\n(7) A company that is a principal company of C by virtue of any of subsections (4) to (6) is a consortium principal company of C.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 2 Ch. 16A inserted (8.4.2010) (with effect in accordance with Sch. 4 para. 5, 6 to the amending Act) by Finance Act 2010 (c. 13), Sch. 4 para. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2001/2/section/212E",
    "retrieved_at": "2026-10-29T09:20:17.739129+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}