# Corporation Tax Act 2010, Section 188FC: “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.
(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.

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