# Taxation of Chargeable Gains Act 1992, Paragraph 26

Extent: E+W+S+N.I.

(1) In this Schedule—
(a) “company” has the meaning given by section 170(9); and
(b) references to a group, or to membership of a group, shall be construed in accordance with the provisions of section 170 read as if “51 per cent" were substituted for “75 per cent".
(2) References in this Schedule to a “subgroup” are to companies that would form a group but for the fact that one of them is a 51% subsidiary of another company.
(3) In this Schedule “holding company”—
(a) in relation to a group, means the company described in section 170 as the principal company of the group;
(b) in relation to a subgroup, means a company that would be the holding company of a group but for being a 51% subsidiary of another company.
(4) In this Schedule “51% subsidiary” has the meaning given by Chapter 3 of Part 24 of CTA 2010.
In applying that Chapter for the purposes of this Schedule, any share capital of a registered society (see section 1119 of that Act) shall be treated as ordinary share capital.
(5) References in this Schedule to a “group” or “subsidiary” shall be construed with any necessary modifications where applied to a company incorporated under the law of a country or territory outside the United Kingdom.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/26 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-7AC/paragraph-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.