[F1Attribution of activities of a joint venture companyU.K.
Textual Amendments
F1Sch. 7ZA inserted (with effect in accordance with Sch. 13 para. 6(1) of the amending Act) by Finance Act 2016 (c. 24), Sch. 13 para. 5
3U.K.In relation to a disposal of assets consisting of (or of interests in) shares in or securities of a company (“company A”), activities of a joint venture company are to be attributed to a company under subsections (7) and (12) of section 165A only if P—
(a)passes the shareholding test in relation to the joint venture company (see paragraphs 5 to 8), and
(b)passes the voting rights test in relation to the joint venture company (see paragraphs 9 to 12).]