# Finance Act 2026, Paragraph 33: Definition of “ownership interest”

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

In section 242 (ownership interests and controlling interests), in subsection (2), for paragraph (b) substitute—
“(b) that interest is accounted for as equity in—
(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
(ii) otherwise, B’s financial statements.”

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Source: https://www.legislation.gov.uk/ukpga/2026/11/schedule/8/paragraph/33 (the official version)
Page: https://openlegislation.uk/finance-act-2026/schedule-8/paragraph-33
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.