{
  "url": "https://openlegislation.uk/finance-act-2026/schedule-8/paragraph-33",
  "json_url": "https://openlegislation.uk/finance-act-2026/schedule-8/paragraph-33.json",
  "legislation": "ukpga/2026/11",
  "legislation_title": "Finance Act 2026",
  "legislation_url": "https://openlegislation.uk/finance-act-2026",
  "path": "schedule/8/paragraph/33",
  "kind": "paragraph",
  "number": "33",
  "heading": "Definition of “ownership interest”",
  "text": "In section 242 (ownership interests and controlling interests), in subsection (2), for paragraph (b) substitute—\n“(b) that interest is accounted for as equity in—\n(i) where B is a member of a consolidated group, the consolidated financial statements of the ultimate parent of the group (ignoring any requirement to consolidate the assets, liabilities, income, expenses and cash flows of B in those statements), or\n(ii) otherwise, B’s financial statements.”",
  "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/2026/11/schedule/8/paragraph/33",
    "retrieved_at": "2026-10-29T08:42:24.914774+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."
}