# Finance (No. 2) Act 2023, Section 248: Exclusion of indirect interests held through ultimate parent

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

For the purposes of determining whether an entity or individual has an indirect ownership interest in a member of a multinational group (other than the ultimate parent), ignore any indirect interests arising only as a result of an ownership interest in the ultimate parent.

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Source: https://www.legislation.gov.uk/ukpga/2023/30/section/248 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2023/section-248
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.