# Finance Act 2004, Paragraph 5


(1) Paragraph 21 (meaning of “qualifying subsidiary”) is amended as follows.
(2) In sub-paragraph (2)—
(a) omit paragraphs (a) to (c),
(b) before paragraph (d) insert—
“(ca) the subsidiary is a 51% subsidiary of the relevant company;”,
(c) in paragraph (e) for “the conditions in paragraphs (a) to” substitute “ either of the conditions in paragraphs (ca) and ”.
(3) In sub-paragraph (4)(a)(ii), after “company” insert “ concerned ”.
(4) In sub-paragraph (5)—
(a) after “qualifying subsidiary” insert “ of the relevant company ”,
(b) for “and not part” substitute “ and is not to be part ”.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-act-2004/schedule-20/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.