# Finance Act 2004, Paragraph 13


In paragraph 102 (minor definitions etc) after sub-paragraph (7) insert—
“(8) In determining for the purposes of paragraph 3(2), 23(5) or 36(1B) when a trade is begun to be carried on by a qualifying 90% subsidiary of the issuing company there shall be disregarded any carrying on of the trade by it before it became such a subsidiary.”.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/13 (the official version)
Page: https://openlegislation.uk/finance-act-2004/schedule-20/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.