# Finance Act 2000, Paragraph 16

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

(1) The gross assets requirement in the case of a single company is that the value of the company’s gross assets does not exceed £30 million .
(2) The gross assets requirement in the case of a parent company is that the consolidated value of the group assets does not exceed £30 million .
(3) The consolidated value of the group assets means the aggregate value of the gross assets of the group, disregarding any that consist in rights against, or shares in or securities of, another company in the group.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/16 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-14/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.