SCHEDULES
C1SCHEDULE 15Tax treatment of financing costs and income
Annotations:
Modifications etc. (not altering text)
Part 10Other interpretative provisions
Meaning of “ultimate parent”
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1
For the purposes of this Schedule “ultimate parent”, in relation to a group, means an entity that—
a
is a member of the group,
b
is a corporate entity or a relevant non-corporate entity,
c
is not a subsidiary (whether direct or indirect) of a corporate entity or a relevant non-corporate entity, and
d
is not a collective investment scheme.
2
In this paragraph “collective investment scheme” has the meaning given by section 235 of FISMA 2000.
Sch. 15 modified (21.7.2009 retrospective) by Finance (No. 3) Act 2010 (c. 33), Sch. 5 para. 36(2)