{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-153",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-153.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/153",
  "kind": "section",
  "number": "153",
  "heading": "Companies owned by consortiums and members of consortiums",
  "text": "(1) For the purposes of this Part a company is owned by a consortium if—\n(a) the company is not a 75% subsidiary of any company, and\n(b) at least 75% of the company's ordinary share capital is beneficially owned by other companies each of which beneficially owns at least 5% of that capital.\n(2) The other companies each owning at least 5% of the share capital are the members of the consortium for the purposes of this Part.\n(3) If—\n(a) a trading company is a 90% subsidiary of a holding company and is not a 75% subsidiary of any company apart from the holding company, and\n(b) as a result of subsection (1), the holding company is owned by a consortium,\nthen for the purposes of this Part the trading company is also owned by the consortium.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "S. 153 applied by 1998 c. 36, Sch. 18 para. 71A(4) (as inserted (with effect in accordance with Sch. 4 para. 190 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 116)"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "Pt. 5 modified by 2009 c. 4, s. 1218ZDB(2) (as inserted (for specified purposes and with effect in accordance with Sch. 6 paras. 20, 21(1)(a) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 6 para. 1 (with Sch. 6 para. 21(3)))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/153",
    "retrieved_at": "2026-10-29T09:10:29.433154+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."
}