Income Tax Act 2007 (c. 3)

Part 4 U.K. Loss relief

Chapter 6 U.K. Losses on disposal of shares

Qualifying trading companies: the requirements U.K.

141 The property managing subsidiaries requirement U.K.

(1) The property managing subsidiaries requirement is that any property managing subsidiary that the company has must be a qualifying 90% subsidiary of the company.

(2) In this section—

• “property managing subsidiary” has the meaning given by section 188(2),

• “qualifying 90% subsidiary” has the meaning given by section 190.