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Section 83 The property managing subsidiaries requirement

(1)

The property managing subsidiaries requirement is that any property managing subsidiary that the company has must be a qualifying 90% subsidiary of the company.

(2)

In this section—

  • “property managing subsidiary” has the meaning given by section 188(2) of ITA 2007, and

  • “qualifying 90% subsidiary” has the meaning given by section 190 of that Act.

Notes on Part 4

Modifications

C1

Pt. 4 modified (with effect in accordance with reg. 1(2) of the amending S.I.) by The Risk Transformation (Tax) Regulations 2017 (S.I. 2017/1271), regs. 1(1), 10

C2

Pt. 4 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))