Part 4Loss relief

Chapter 6Losses on disposal of shares

Qualifying trading companies: the requirements

141The 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),

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