# Finance Act 2022, Paragraph 3: “Group”

Extent: E+W+S+N.I.

(1) A company is a member of a group if—
(a) another company is its 51% subsidiary, or
(b) it is a 51% subsidiary of another company.
(2) Two companies are members of the same group if—
(a) one is a 51% subsidiary of the other, or
(b) both are 51% subsidiaries of another company.
(3) Sub-paragraph (4) applies where a company (“Q”)—
(a) is a qualifying asset holding company for the purposes of Schedule 2 to this Act, and
(b) is a member of a worldwide group, within the meaning given by section 473 of TIOPA 2010.
(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).
(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.

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Source: https://www.legislation.gov.uk/ukpga/2022/3/schedule/17/paragraph/3 (the official version)
Page: https://openlegislation.uk/finance-act-2022/schedule-17/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.