Paragraph 9 Interests held through a legal entity

(1)

This paragraph applies where V—

(a)

holds an interest in eligible Scottish partnership W by virtue of indirectly holding a right, and

(b)

does so by virtue of having a majority stake M1 in—

(i)

a legal entity (“L”) which holds the right directly, or

(ii)

a legal entity that is part of a chain of legal entities such as is described in paragraph 13(1)(b) that includes L.

(2)

Where this paragraph applies, V holds the interest in eligible Scottish partnership W—

(a)

through L, and

(b)

through each other legal entity in the chain mentioned in sub-paragraph (1)(b)(ii).

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