http://www.legislation.gov.uk/ukpga/2010/33/schedule/6/paragraph/7Finance (No. 3) Act 2010An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance.texttext/xmlenStatute Law Database2024-05-30Expert Participation2024-04-06SCHEDULESSCHEDULE 6Consortium claims for group reliefLimitations on group relief based on proportion of voting power held by company7(1)

Section 143 (which makes provision limiting the amount of group relief that is available in cases where the surrendering company is owned by a consortium) is amended as follows.

(2)

In subsection (3)—

(a)

omit the “and” at the end of paragraph (b), and

(b)

at the end of paragraph (c) insert, and (d)

the proportion of the voting power in the surrendering company that is directly possessed by the claimant company.

(3)

In subsection (4)(a), for “paragraphs (a) to (c)” substitute “ paragraphs (a) to (d) ”.

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