Meaning of “UK corporate parent”U.K.
7U.K.In this Schedule “UK corporate parent” means a body corporate that—
(a)is resident in the United Kingdom,
(b)controls one or more bodies corporate that are not resident in the United Kingdom, and
(c)is not controlled by—
(i)a body corporate that is resident in the United Kingdom, or
(ii)two or more bodies corporate taken together each of which is resident in the United Kingdom.