This is the original version (as it was originally enacted).
609(1)Amend section 371 (interpretation) as follows.
(2)In subsection (1)—
(a)for the definition of “consortium company” substitute—
““consortium company” means a trading company, as defined by section 185(1) of CTA 2010, that is owned by a consortium or a holding company that is so owned,”,
(b)for the definition of “group relief” substitute—
““group relief” means corporation tax relief under Part 5 of CTA 2010 (see section 97(2) of that Act),”,
(c)for the definition of “holding company” substitute—
““holding company” has the same meaning as in Part 5 of CTA 2010 (see section 185(2) of that Act),”,
(d)in the definition of “member” for “Chapter 4 of Part 10 of ICTA (group relief)” substitute “Part 5 of CTA 2010 (see section 153(2) of that Act)”, and
(e)in the definition of “subsidiary”, for the words after “means” to the end substitute “a trading company (as defined by section 185(1) of CTA 2010) that, by reference to that holding company, is owned by a consortium by virtue of section 153(3) of that Act”.
(3)In subsection (2) for “section 413(6) of ICTA” substitute “section 153 of CTA 2010”.
(4)In subsection (3) for the words from “Chapter 4” to the end substitute “Part 5 of CTA 2010 (group relief) (see section 152 of that Act)”.
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