SCHEDULES

SCHEDULE 10Relief for Business Property

Meaning of " group ", " holding company ", " subsidiary " and " control"

13(1)For the purposes of this Schedule a company and all its subsidiaries are members of a group, and " holding company " and " subsidiary" have the same meanings as in section 154 of the [1948 c. 38.] Companies Act 1948.

(2)Paragraph 13(7) of Schedule 4 to the [1975 c. 7.] Finance Act 1975 (control of company) applies for the purposes of this Schedule.