SCHEDULES

C1SCHEDULE 15Tax treatment of financing costs and income

Annotations:
Modifications etc. (not altering text)
C1

Sch. 15 modified (21.7.2009 retrospective) by Finance (No. 3) Act 2010 (c. 33), Sch. 5 para. 36(2)

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.