Section 259ZME | Groups of companies

(1)For the purposes of this Chapter, company A and company B are members of the same group of companies if—

(a)one is a 75% subsidiary of the other, or

(b)both are 75% subsidiaries of a third company.

(2)In subsection (1), “75% subsidiary” has the same meaning as in Part 5 of CTA 2010 (group relief) (see section 151 of that Act).

(3)Sections 154, 155A, 155B and 156 of CTA 2010 (members of group of companies: arrangements for transfers of companies) apply for the purposes of this Chapter as they apply for the purposes of Part 5 of CTA 2010, but as if references to a surrenderable amount were to the DII surplus.