SCHEDULES

SCHEDULE 1U.K.Minor and consequential amendments

Part 1 U.K.Income and Corporation Taxes Act 1988

126U.K.After section 576E insert—

“576FThe property managing subsidiaries requirement

(1)The property managing subsidiaries requirement is that any property managing subsidiary that the company has must be a qualifying 90% subsidiary of the company.

(2)In this section—

  • “property managing subsidiary” has the meaning given by section 188(2) of ITA 2007,

  • “qualifying 90% subsidiary” has the meaning given by section 190 of that Act.”