OpenLegislation

Paragraph 8

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

A “qualifying company” is a company in relation to which the requirements of this Part of this Schedule as to the following are met at the appropriate time—

  • independence (see paragraph 9),

  • having only qualifying subsidiaries (see paragraphs 10 and 11),

  • F1property managing subsidiaries (see paragraphs 11A and 11B),

  • gross assets (see paragraph 12), F2...

  • F3number of employees (see paragraph 12A), F4...

  • trading activities (see paragraphs 13 and 14, read with paragraphs 15 to 23)F5, and

  • UK permanent establishment (see paragraph 14A).

Annotations

Textual amendments

F1

Words in Sch. 5 para. 8 inserted (with effect in accordance with s. 96(6) of the amending Act) by Finance Act 2004 (c. 12), s. 96(2)

F2

Word in Sch. 5 para. 8 omitted (with effect in accordance with s. 33(6) of the amending Act) by virtue of Finance Act 2008 (c. 9), s. 33(2)

F3

Words in Sch. 5 para. 8 inserted (with effect in accordance with s. 33(6) of the amending Act) by Finance Act 2008 (c. 9), s. 33(2)

F4

Word in Sch. 5 para. 8 omitted (with effect in accordance with s. 6(5) of the amending Act) by virtue of Finance (No. 3) Act 2010 (c. 33), s. 6(2)

F5

Words in Sch. 5 para. 8 inserted (with effect in accordance with s. 6(5) of the amending Act) by Finance (No. 3) Act 2010 (c. 33), s. 6(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)