# Finance Act 2000, Paragraph 14

Extent: E+W+S+N.I.

(1) A company that has one or more subsidiaries is not a qualifying company unless every subsidiary of the company is a qualifying subsidiary.
(2) For this purpose—
(a) “subsidiary” means any company which the company controls, either on its own or together with any person connected with it, and
(b) the question whether a person controls a company shall be determined in accordance with section 416(2) to (6) of the Taxes Act 1988.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/14 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-14/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.