Paragraph 11A F1
United Kingdom
A company is not a qualifying company if it has a property managing subsidiary which is not a qualifying 90% subsidiary of the company (see paragraph 11B).
“Property managing subsidiary” means a qualifying subsidiary of a company whose business consists wholly or mainly in the holding or managing of land or any property deriving its value from land.
In sub-paragraph (2) “property deriving its value from land” has the meaning given by section 188(3) of ITA 2007.
Annotations
Textual amendments
- F1
Sch. 5 paras. 11A, 11B and cross-headings inserted (with effect in accordance with s. 96(6) of the amending Act) by Finance Act 2004 (c. 12), s. 96(5)
- F2
Sch. 5 para. 11A(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 399(3) (with Sch. 2)
Notes on Schedule 5
Modifications
- C1
Sch. 5 modified (18.3.2026) by Finance Act 2026 (c. 11), s. 16
- C2
Sch. 5 modified (6.4.2026) by Finance Act 2026 (c. 11), s. 13(10)