{
  "url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-3/paragraph-46",
  "json_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-3/paragraph-46.json",
  "legislation": "ukpga/2003/1",
  "legislation_title": "Income Tax (Earnings and Pensions) Act 2003",
  "legislation_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003",
  "path": "schedule/3/paragraph/46",
  "kind": "paragraph",
  "number": "46",
  "heading": null,
  "text": "(1) This paragraph applies for the purposes of the provisions of the SAYE code relating to group schemes.\n(2) Each joint owner of a jointly owned company is to be treated as controlling every company within sub-paragraph (3).\n(3) The companies within this sub-paragraph are—\n(a) the jointly owned company, and\n(b) any company controlled by that company.\n(4) However, no company within sub-paragraph (3) may be—\n(a) a constituent company in more than one group scheme, or\n(b) a constituent company in a particular group scheme if another company within that sub-paragraph is a constituent company in a different group scheme.\n(5) In this paragraph a “jointly owned company” means a company which (apart from sub-paragraph (2)) is not controlled by any one person and—\n(a) of which 50% of the issued share capital is owned by one person and 50% by another, or\n(b) which is otherwise controlled by two persons taken together.\n(6) In this paragraph “joint owner” means one of the persons mentioned in sub-paragraph (5)(a) or (b).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2003/1/schedule/3/paragraph/46",
    "retrieved_at": "2026-10-29T09:18:42.395488+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."
}