Paragraph 35C F1
For the purposes of paragraph 35B—
(a)
“ relevant time ” means any time between the effective date of the relevant transaction and the change of control by virtue of which tax is chargeable, and
(b)
a company (“company A”) is “above” another company (“company B”) in a group structure if company B, or another company that is above company B in the group structure, is a 75% subsidiary of company A.
Annotations
Textual amendments
- F1
Sch. 11 Pt. 4A inserted (1.4.2015) by Revenue Scotland and Tax Powers Act 2014 (asp 16) , s. 260(2) , Sch. 4 para. 9(21)(d) (with ss. 257-259 ); S.S.I. 2015/110 , art. 2(1)