Taxation of Chargeable Gains Act 1992
This section has no associated Explanatory Notes
242(1)Amend section 170 (interpretation) as follows.
(2)In subsection (2)(c) for “the definition of “75 per cent subsidiary” in section 838 of the Taxes Act” substitute “section 1154(3) of CTA 2010 (meaning of “75% subsidiary”)”.
(3)In subsection (6)(d) for “section 838(1)(a) of the Taxes Act” substitute “section 1154(2) of CTA 2010”.
(4)For subsection (8) substitute—
“(8)Chapter 6 of Part 5 of CTA 2010 (group relief: equity holders and profits or assets available for distribution) applies for the purposes of subsections (6) and (7) as if—
(a)references to section 151(4)(a) and (b) of that Act were references to subsections (6) and (7) above, and
(b)sections 171(1)(b) and (3), 173, 174 and 176 to 178 of that Act were omitted.”