{
  "url": "https://openlegislation.uk/finance-act-2009/schedule-16/paragraph-18",
  "json_url": "https://openlegislation.uk/finance-act-2009/schedule-16/paragraph-18.json",
  "legislation": "ukpga/2009/10",
  "legislation_title": "Finance Act 2009",
  "legislation_url": "https://openlegislation.uk/finance-act-2009",
  "path": "schedule/16/paragraph/18",
  "kind": "paragraph",
  "number": "18",
  "heading": null,
  "text": "(1) In paragraph 17(3) the “ultimate corporate parent”, in relation to a group, means a member of the group that—\n(a) is a body corporate, and\n(b) is not a subsidiary (whether direct or indirect) of another body corporate.\n(2) A reference in this paragraph to a body corporate does not include—\n(a) the Crown,\n(b) a Minister of the Crown,\n(c) a government department,\n(d) a Northern Ireland department, or\n(e) a foreign sovereign power.\n(3) In paragraph 17(3) and this paragraph “group” has the meaning for the time being given by international accounting standards.\n(4) In this paragraph “subsidiary” has the meaning for the time being given by international accounting standards.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/18",
    "retrieved_at": "2026-10-29T09:11:08.872832+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."
}