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Finance (No. 3) Act 2010

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Changes over time for: Paragraph 31

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Version Superseded: 16/11/2017

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Point in time view as at 16/12/2010.

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There are currently no known outstanding effects for the Finance (No. 3) Act 2010, Paragraph 31. Help about Changes to Legislation

31(1)Section 345 (meaning of “UK group company” and “relevant group company”) is amended as follows.U.K.

(2)For subsections (2) and (3) substitute—

(2)A company is a “UK group company” if—

(a)it is a member of the worldwide group, and

(b)it meets conditions A and B.

(3)A company is a “relevant group company” if—

(a)it is a member of the worldwide group, and

(b)it meets conditions A, B and C.

(3)After subsection (4) insert—

(4A)Condition B is that the company is not a securitisation company within the meaning of section 83(2) of FA 2005 or section 623 of CTA 2010.

(4)In subsection (5), for “B” substitute “ C ”.

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