# Taxation of Chargeable Gains Act 1992, Paragraph 4


(1) For the purposes of this Part, a company is an “investing company” in relation to P and a joint venture company if it meets conditions 1 and 2.
(2) Condition 1 is that—
(a) the company is company A (see paragraph 3), or
(b) P directly owns some portion of the ordinary share capital of the company.
(3) Condition 2 is that the company owns some portion of the ordinary share capital of the joint venture company (whether it is owned directly, indirectly, or partly directly and partly indirectly).
(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/4 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-7ZA/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.