# Corporation Tax Act 2009, Section 766: Only effective 51% subsidiaries of principal company to be members of group


(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.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/766 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-766
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.