# Finance Act 2000, Paragraph 21A

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

(1) The issuing company is not a qualifying issuing company in relation to the relevant shares if, at any time during the qualification period relating to those shares, it has a property managing subsidiary which is not a qualifying 90% subsidiary of the issuing company (see paragraph 23(10) and (11)).
(2) “Property managing subsidiary” means a qualifying subsidiary of the issuing company whose business consists wholly or mainly in the holding or managing of land or any property deriving its value from land.
(3) In sub-paragraph (2) “property deriving its value from land” has the meaning given by section 833(2) of CTA 2010

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/21A (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-15/paragraph-21A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.