Modifications etc. (not altering text)
C1Pt. 5 applied (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 125 (with s. 147, Sch. 17)
C2Pt. 5 excluded (with effect in accordance with Sch. 18 para. 63 of the amending Act) by Finance Act 2016 (c. 24), Sch. 18 para. 20(5)
C3Pt. 5 modified by 2009 c. 4, s. 1218ZDB(2) (as inserted (for specified purposes and with effect in accordance with Sch. 6 paras. 20, 21(1)(a) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 6 para. 1 (with Sch. 6 para. 21(3)))
C4Pt. 5 modified (with effect in accordance with reg. 1(2) of the amending S.I.) by The Risk Transformation (Tax) Regulations 2017 (S.I. 2017/1271), regs. 1(1), 10, 11
(1)The EEA group condition is met if subsection (2) or (3) applies.
(2)This subsection applies if—
(a)the surrendering company is a 75% subsidiary of the claimant company, and
(b)the claimant company is UK resident.
(3)This subsection applies if—
(a)both the surrendering company and the claimant company are 75% subsidiaries of a third company, and
(b)the third company is UK resident.
(4)Chapter 5 explains how to determine if a company is a 75% subsidiary of another company.