{
  "url": "https://openlegislation.uk/finance-act-2004/schedule-20/paragraph-5",
  "json_url": "https://openlegislation.uk/finance-act-2004/schedule-20/paragraph-5.json",
  "legislation": "ukpga/2004/12",
  "legislation_title": "Finance Act 2004",
  "legislation_url": "https://openlegislation.uk/finance-act-2004",
  "path": "schedule/20/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": null,
  "text": "(1) Paragraph 21 (meaning of “qualifying subsidiary”) is amended as follows.\n(2) In sub-paragraph (2)—\n(a) omit paragraphs (a) to (c),\n(b) before paragraph (d) insert—\n“(ca) the subsidiary is a 51% subsidiary of the relevant company;”,\n(c) in paragraph (e) for “the conditions in paragraphs (a) to” substitute “ either of the conditions in paragraphs (ca) and ”.\n(3) In sub-paragraph (4)(a)(ii), after “company” insert “ concerned ”.\n(4) In sub-paragraph (5)—\n(a) after “qualifying subsidiary” insert “ of the relevant company ”,\n(b) for “and not part” substitute “ and is not to be part ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/5",
    "retrieved_at": "2026-10-29T09:17:16.113356+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}