# Taxation of Chargeable Gains Act 1992, Paragraph 14


(1) This paragraph applies for the purposes of this Part.
(2) A company is a “direct interest company” in relation to P if—
(a) it is company A (see paragraph 13(1)), or
(b) P directly owns some portion of the ordinary share capital of the company.
(3) A company is a “relevant corporate partner” in relation to P and a partnership if—
(a) a direct interest company in relation to P (“company DIC”) owns some portion of the ordinary share capital of the company (whether it is owned directly, indirectly or partly directly and partly indirectly),
(b) the company is a member of a group of companies of which company DIC is a member, and
(c) the company is a member of the partnership.
(4) In sub-paragraph (3) the reference to a company owning share capital indirectly is to be read in accordance with section 1155 of CTA 2010.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/7ZA/paragraph/14 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-7ZA/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.