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Legislation
Income Tax Act 2007

Crossheading Qualifying trading companies: the requirements

  • Section 137 The trading requirement
  • Section 138 Ceasing to meet trading requirement because of administration or receivership
  • Section 139 The control and independence requirement
  • Section 140 The qualifying subsidiaries requirement
  • Section 141 The property managing subsidiaries requirement
  • Section 142 The gross assets requirement
  • Section 143 The unquoted status requirement
  • Section 144 Power to amend requirements by Treasury order
  1. Qualifying trading companies: the requirements
  2. The property managing subsidiaries requirement

Section 141 | The property managing subsidiaries requirement

From legislation.gov.uk

(1)The property managing subsidiaries requirement is that any property managing subsidiary that the company has must be a qualifying 90% subsidiary of the company.

(2)In this section—

“property managing subsidiary” has the meaning given by section 188(2),

“qualifying 90% subsidiary” has the meaning given by section 190.

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