{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-396",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-396.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/396",
  "kind": "section",
  "number": "396",
  "heading": "No qualifying change of ownership where principal company's interest in consortium company unchanged",
  "text": "(1) This section applies if—\n(a) a company (“A”) is owned by a consortium, and\n(b) a relevant change in the relationship between A and a principal company of A occurs on any day,\nbut the principal company's interest in A remains unchanged.\n(2) For the purposes of the sales of lessors Chapters, there is no qualifying change of ownership in relation to A on that day as a result of that change in that relationship.\n(3) For the purposes of this section the principal company's interest in A remains unchanged if the percentage of the ordinary share capital of A that is beneficially owned directly or indirectly by the principal company is the same at the beginning and end of that day.\n(4) Sections 1155 to 1157 apply for construing subsection (3).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/396",
    "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."
}