178Cases in which sections 170, 172 and 174 all applyU.K.
(1)This section applies in a case in which sections 170, 172 and 174 all apply.
(2)Determine what company A's proportion would be—
(a)on the basis mentioned in section 170(2),
(b)on the basis mentioned in section 172(1),
(c)on the basis mentioned at Step 4 in section 174,
(d)on the bases mentioned in sections 170(2) and 172(1) taken together,
(e)on the bases mentioned in section 170(2) and at Step 4 in section 174 taken together,
(f)on the bases mentioned in section 172(1) and at Step 4 in section 174 taken together,
(g)on the bases mentioned in section 170(2), section 172(1) and at Step 4 in section 174 taken together, and
(h)ignoring sections 170, 172 and 174.
(3)Company A's proportion is taken to be the lowest proportion determined under subsection (2).
Modifications etc. (not altering text)
C1Pt. 5 Ch. 6 applied in part (with effect in accordance with s. 51 of the amending Act) by Finance Act 2022 (c. 3), s. 50(2)(3)
C2Pt. 5 Ch. 6 applied (temp.) (with effect in accordance with Sch. 10 para. 43 of the amending Act) by Finance Act 2022 (c. 3), Sch. 10 para. 6(2) (as amended (5.1.2023) by The Finance Act 2022, Schedule 10 (Public Interest Business Protection Tax) (Substitution of Date) Regulations 2022 (S.I. 2022/1321), regs. 1, 2(2))
C3Pt. 5 applied (with modifications) (24.2.2022) by Finance Act 2022 (c. 3), Sch. 2 para. 47(4)
C4Ss. 169-178 applied (with modifications) (24.2.2022) by Finance Act 2022 (c. 3), Sch. 2 para. 5(4) (as amended (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 4 para. 10)
C5S. 178(3) applied (with modifications) (temp.) (with effect in accordance with Sch. 10 para. 43 of the amending Act) by Finance Act 2022 (c. 3), Sch. 10 para. 6(3)(c) (as amended (5.1.2023) by The Finance Act 2022, Schedule 10 (Public Interest Business Protection Tax) (Substitution of Date) Regulations 2022 (S.I. 2022/1321), regs. 1, 2(2))