Finance Act 2004

7 U.K. In paragraph 23 (the trading activities requirement)—

(a) in sub-paragraph (3)(b), for “at least one group company” substitute “ the issuing company or a qualifying 90% subsidiary of the issuing company ”,

(b) in sub-paragraph (5)—

(i) for “a subsidiary” substitute “ a qualifying 90% subsidiary of the issuing company ”,

(ii) for “or subsidiary” substitute “ or a qualifying 90% subsidiary of the issuing company ”,

(c) in sub-paragraph (6), for “the company”, in the first place, substitute “ a company ”,

F1 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1 Sch. 20 para. 7(d) repealed (19.7.2007 with effect in accordance with Sch. 16 to the amending Act) by Finance Act 2007 (c. 11), Sch. 27 Pt. 2(16)