# Corporation Tax Act 2010, Section 188CI: Consortium condition 4


(1) Consortium condition 4 is met if—
(a) the surrendering company is a trading company or a holding company,
(b) the surrendering company is owned by a consortium,
(c) the claimant company is not a member of the consortium,
(d) the claimant company is a member of the same group of companies as a third company (“the link company”),
(e) the link company is a member of the consortium, and
(f) the claimant company and the surrendering company are both UK related.
(2) But consortium condition 4 is not met if a profit on a sale within subsection (3) by the link company would be a trading receipt of that company.
(3) A sale is within this subsection if it is a sale of—
(a) the share capital the link company owns in the surrendering company, or
(b) if the surrendering company is owned by the consortium as a result of section 153(3) (consortiums involving holding companies), the share capital the link company owns in the holding company in question.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/188CI (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-188CI
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.