Section 188FC “Trading company” and “holding company”F1
(1)
In this Part “trading company” means a company the business of which consists wholly or mainly in the carrying on of a trade.
(2)
In this Part “holding company” means a company the business of which consists wholly or mainly in the holding of shares or securities that—
(a)
are its 90% subsidiaries, and
(b)
are trading companies.
Annotations
Textual amendments
- F1
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
Notes on Part 5A
Modifications
- C1
Pt. 5A excluded (14.7.2022) by Energy (Oil and Gas) Profits Levy Act 2022 (c. 40), s. 1(5)(e) (with ss. 15(1), 16(1))