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Legislation
Corporation Tax Act 2009

Crossheading Rules

  • Section 765 General rule: a company and its 75% subsidiaries form a group
  • Section 766 Only effective 51% subsidiaries of principal company to be members of group
  • Section 767 Principal company cannot be 75% subsidiary of another company
  • Section 768 Company cannot be member of more than one group
  • Section 769 Continuity of identity of group
  • Section 770 Continuity where group includes an SE
  • Section 771 Meaning of “effective 51% subsidiary”
  • Section 772 Equity holders and profits or assets available for distribution
  • Section 773 Supplementary provisions
  1. Rules
  2. General rule: a company and its 75% subsidiaries form a group

Section 765 | General rule: a company and its 75% subsidiaries form a group

From legislation.gov.uk

(1)The general rule is that—

(a)a company (“A”) and all its 75% subsidiaries form a group, and

(b)if any of those subsidiaries have 75% subsidiaries, the group includes them and their 75% subsidiaries, and so on.

(2)A is referred to in this Chapter and in Chapter 9 as the principal company of the group.

(3)Subsections (1) and (2) are subject to the following provisions of this Chapter.

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