SCHEDULES
SCHEDULE 23Corporation tax relief for employee share acquisition
Part 5Supplementary provisions
Meaning of “group company” and “parent company”
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For the purposes of this Schedule—
a
a company is a “group company”, in relation to another company, if they are members of the same group,
b
two companies are members of the same group if, and only if, one is a 51% subsidiary of the other or both are 51% subsidiaries of a third company, and
c
a company is a “parent company” in relation to another company if that other is its 51% subsidiary.