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Part III Qualifying companies

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

  1. Introduction
  2. The independence requirement
  3. The qualifying subsidiaries requirement
  4. Meaning of “qualifying subsidiary"
  5. The gross assets requirement
  6. The trading activities requirement
  7. Meaning of “qualifying trade"
  8. Excluded activities
  9. Excluded activities: wholesale and retail distribution
  10. Excluded activities: leasing of ships
  11. Excluded activities: receipt of royalties and licence fees
  12. Excluded activities: property development
  13. Excluded activities: hotels and comparable establishments
  14. Excluded activities: nursing homes and residential care homes
  15. Excluded activities: provision of facilities for another business

Notes on Schedule 14

Textual amendments

F1

Sch. 14 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 8 Pt. 1 (with Sch. 7)