Paragraph 17
United Kingdom
(1)
For the purposes of section 13AB and this Schedule a holding company that is not otherwise carrying on a business shall be deemed to be carrying on a business and to be within the charge to corporation tax.
(2)
For this purpose “a holding company” means a company that has one or more 51% subsidiaries from which it receives or has received one or more distributions.
Notes on Schedule A2
Textual amendments
- F1
Sch. A2 repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by Finance Act 2006 (c. 25), s. 26(2), Sch. 26 Pt. 3(1), Note
- F2
Sch. A2 inserted (with effect in accordance with s. 28(4)(5) of the amending Act) by Finance Act 2004 (c. 12), s. 28(2)(6), Sch. 3