{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-767",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-767.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/767",
  "kind": "section",
  "number": "767",
  "heading": "Principal company cannot be 75% subsidiary of another company",
  "text": "(1) The general rule is that a company (“A”) is not the principal company of a group if it is itself a 75% subsidiary of another company (“B”).\n(2) That rule is subject to subsection (3).\n(3) A is the principal company of a group (“group C”) if—\n(a) A and B are prevented from being members of another group by section 766,\n(b) the requirements of sections 765 and 766 are met in relation to group C, and\n(c) A being the principal company of group C does not enable a further company to be the principal company of a group of which A would be a member.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/767",
    "retrieved_at": "2026-10-29T09:11:19.560467+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."
}