{
  "url": "https://openlegislation.uk/finance-act-2022/schedule-17/paragraph-3",
  "json_url": "https://openlegislation.uk/finance-act-2022/schedule-17/paragraph-3.json",
  "legislation": "ukpga/2022/3",
  "legislation_title": "Finance Act 2022",
  "legislation_url": "https://openlegislation.uk/finance-act-2022",
  "path": "schedule/17/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": "“Group”",
  "text": "(1) A company is a member of a group if—\n(a) another company is its 51% subsidiary, or\n(b) it is a 51% subsidiary of another company.\n(2) Two companies are members of the same group if—\n(a) one is a 51% subsidiary of the other, or\n(b) both are 51% subsidiaries of another company.\n(3) Sub-paragraph (4) applies where a company (“Q”)—\n(a) is a qualifying asset holding company for the purposes of Schedule 2 to this Act, and\n(b) is a member of a worldwide group, within the meaning given by section 473 of TIOPA 2010.\n(4) Another company is not a member of the same group as Q for the purposes of this Schedule if, by virtue of paragraph 42(2)(a) of Schedule 2 to this Act, that other company is not a member of the same worldwide group as Q for the purposes of Part 10 of TIOPA 2010 (corporate interest restriction).\n(5) Chapter 3 of Part 24 of CTA 2010 (meaning of 51% subsidiary) applies for the purposes of this Schedule as it applies for the purposes of the Corporation Tax Acts.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2022/3/schedule/17/paragraph/3",
    "retrieved_at": "2026-10-29T08:57:50.927298+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."
}