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)
(1)In this Part “trading company” means a company the business of which consists wholly or mainly in the carrying on of a trade or trades.
(2)In this Part “holding company” means a company the business of which consists wholly or mainly in the holding of shares or securities of companies that—
(a)are its 90% subsidiaries (see section 151), and
(b)are trading companies.