# Corporation Tax Act 2010, Section 185: “Trading company” and “holding company”


(1) In this Part “trading company” means a company the business of which consists wholly or mainly in the carrying on of a trade or trades.
(2) In this Part “holding company” means a company the business of which consists wholly or mainly in the holding of shares or securities of companies that—
(a) are its 90% subsidiaries (see section 151), and
(b) are trading companies.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/185 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-185
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.