Paragraph 4
17.This paragraph defines what is meant by a “related company” for the purposes of Part 2 of the Schedule.
18.Subparagraph (1) defines a “related company” by reference to group and consortium relationships.
19.Subparagraph (2) defines when two companies are members of the same group, for the purposes of subparagraph (1)(a).
20.Subparagraph (3) defines when two companies are members of the same group, for the purposes of subparagraph (1)(c).
21.Subparagraph (4) defines when a company is a member of a consortium or owned by a consortium for the purposes of Part 2 of the Schedule.
22.Subparagraph (5) provides that “51% subsidiary” in paragraph 4 has the same meaning as in section 1154 Corporation Tax Act 2010.
