Income Tax Act 2007

141The property managing subsidiaries requirementU.K.
This section has no associated Explanatory Notes

(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.