SCHEDULES

SCHEDULE 9Profit Sharing Schemes

PART VInterpretation

16In this Schedule " control" shall be construed in accordance with section 534 of the Taxes Act.

17For the purposes of this Schedule a company is a member of a consortium owning another company if it is one of not more than five companies which between them beneficially own not less than three-quarters of the other company's ordinary share capital and each of which beneficially owns not less than one-twentieth of that capital.