Corporation Tax Act 2009 (c. 4)

Part 8 Intangible fixed assets

Chapter 8 Groups of companies: introduction

Rules

765 General rule: a company and its 75% subsidiaries form a group

(1) The general rule is that—

(a) a company (“A”) and all its 75% subsidiaries form a group, and

(b) if any of those subsidiaries have 75% subsidiaries, the group includes them and their 75% subsidiaries, and so on.

(2) A is referred to in this Chapter and in Chapter 9 as the principal company of the group.

(3) Subsections (1) and (2) are subject to the following provisions of this Chapter.