Paragraph 25

Amend section 806J (interpretation of sections 806A to 806J) as follows.

In subsection (5)(b) for “subsection (6)(b) of section 790” substitute “ section 15 or 16 of TIOPA 2010 ”.

In subsection (5) for “subsection (10) of that section” substitute “ section 12(3) of TIOPA 2010 ”.

For subsection (6) substitute—

“(6)

For the purposes of the foreign dividend provisions of this Chapter a company is related to another company if that other company—

(a)

controls directly or indirectly, or

(b)

is a subsidiary of a company which controls directly or indirectly,

at least 10% of the voting power in the first-mentioned company.”

In subsection (7) in the definition of “the mixer cap” for “section 799(1)” substitute “ Step 6 in section 58(1) of TIOPA 2010 ”.