# Finance Act 2009, Paragraph 10


(1) Part 2 of Schedule 25 to ICTA (exempt activities) is amended as follows.
(2) In paragraph 6 (definition of exempt activities)—
(a) in sub-paragraph (1)(c), for “(2), (3), (4) or (4A)” substitute “ (2) or (3) ”,
(b) in sub-paragraph (3)(b), omit “or superior holding companies”,
(c) omit sub-paragraphs (4) to (4BB),
(d) in sub-paragraph (5)—
(i) for “sub-paragraphs (3) to (4B)” substitute “ sub-paragraph (3) ”, and
(ii) omit “or superior holding company”,
(e) in sub-paragraph (5ZA), omit “or superior holding company”,
(f) in sub-paragraph (5ZB), omit “or superior holding company”,
(g) in sub-paragraph (5A), for “sub-paragraphs (3) to (4B)” substitute “ sub-paragraph (3) ”,
(h) omit sub-paragraph (5B),
(i) in sub-paragraph (5C), omit “or superior holding company”, and
(j) in sub-paragraph (6), for “sub-paragraphs (1) to (4BB) above” substitute “ this paragraph ”.
(3) In paragraph 8(3) (paragraph 6(1)(b) condition), omit “or superior holding company”.
(4) In paragraph 12 (definition of “holding company” etc)—
(a) in sub-paragraph (1), for “paragraph 12A below and in” substitute “ in ”,
(b) in sub-paragraph (4), omit “or (4), as the case may be,”, and
(c) in sub-paragraph (5)—
(i) in the words before paragraph (a), for “sub-paragraphs (3) and (4)” substitute “ sub-paragraph (3) ”, and
(ii) in paragraph (a), omit “or superior holding company”.
(5) Omit paragraph 12A (definition of “superior holding company” etc).

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Source: https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/10 (the official version)
Page: https://openlegislation.uk/finance-act-2009/schedule-16/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.