# Finance Act 2025, Paragraph 49: Inclusion ratio

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

(1) Section 201 (inclusion ratio) is amended as follows.
(2) In subsection (1), in Step 2, at the end insert “, but excluding ownership interests in respect of which an amount has been excluded from the relevant member’s adjusted profits.”
(3) Omit subsection (4).

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Source: https://www.legislation.gov.uk/ukpga/2025/8/schedule/4/paragraph/49 (the official version)
Page: https://openlegislation.uk/finance-act-2025/schedule-4/paragraph-49
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.