Paragraph 9 C1C2F1
United Kingdom
For the purposes of F2paragraphs 7 and 8A(2) (the substantial shareholding requirement) a company that is a member of a group is treated—
as holding any shares or interest in shares held by any other company in the group, and
as having the same entitlement as any such company to any rights enjoyed by virtue of holding shares or an interest in shares.
Sub-paragraph (1) is subject to paragraph 17(4) (exclusion of aggregation in case of assets of long-term insurance fund of insurance company).
Annotations
Textual amendments
- F1
Sch. 7AC inserted (with effect in accordance with s. 44(3)(4) of the amending Act) by Finance Act 2002 (c. 23), Sch. 8 para. 1
- F2
Words in Sch. 7AC para. 9(1) substituted (with effect in accordance with s. 28(7) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), s. 28(4)
Modifications
- C1
Sch. 7AC para. 9 modified (24.2.2022) by Finance Act 2022 (c. 3), Sch. 2 para. 17(5)(a)
- C2
Sch. 7AC para. 9 modified (24.2.2022) by Finance Act 2022 (c. 3), Sch. 2 para. 34(2)(a)