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Finance Act 1981
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- UK Public General Acts
- 1981 c. 35
- SCHEDULE 12
- Individuals qualifying for relief
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Individuals qualifying for relief
2(1)Subsections (2) and (3) of section 54 shall have effect as if references to the company included references to any subsidiary of the company; and, without prejudice to the provisions of that section, an individual shall be treated as connected with a company if he directly or indirectly possesses or is entitled to acquire any loan capital of a subsidiary of that company.
(2)Section 54(5) and (8) shall apply for the purposes of this paragraph.
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