{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-188CF",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-188CF.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/188CF",
  "kind": "section",
  "number": "188CF",
  "heading": "Consortium condition 1",
  "text": "(1) Consortium condition 1 is met if—\n(a) the claimant company is a trading company or a holding company,\n(b) the claimant company is owned by a consortium,\n(c) the surrendering company is a member of the consortium, and\n(d) both companies are UK related.\n(2) But consortium condition 1 is not met if a profit on a sale within subsection (3) by the surrendering company would be a trading receipt of the surrendering company.\n(3) A sale is within this subsection if it is a sale of—\n(a) the share capital the surrendering company owns in the claimant company, or\n(b) if the claimant company is owned by the consortium as a result of section 153(3) (consortiums involving holding companies), the share capital the surrendering company owns in the holding company in question.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 5A 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. 23"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/188CF",
    "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."
}