Paragraph 7

United Kingdom

In paragraph 23 (the trading activities requirement)—

(a)

in sub-paragraph (3)(b), for “at least one group company” substitute “ the issuing company or a qualifying 90% subsidiary of the issuing company ”,

(b)

in sub-paragraph (5)—

(i)

for “a subsidiary” substitute “ a qualifying 90% subsidiary of the issuing company ”,

(ii)

for “or subsidiary” substitute “ or a qualifying 90% subsidiary of the issuing company ”,

(c)

in sub-paragraph (6), for “the company”, in the first place, substitute “ a company ”,

F1(d)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

F1: Sch. 20 para. 7(d) repealed (19.7.2007 with effect in accordance with Sch. 16 to the amending Act) by Finance Act 2007 (c. 11), Sch. 27 Pt. 2(16)