136The EEA group condition
This section has no associated Explanatory Notes
(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.