Section 40 | Determination of beneficial entitlement for purposes of group relief

(1)CTA 2010 is amended as follows.

(2)In section 169 (interpretation of provisions to determine proportion of beneficial entitlement)—

(a)in subsection (2), for the definition of “arrangements” substitute—

(a)means arrangements of any kind (whether or not in writing), but

(b)does not include a condition or requirement imposed by, or agreed with, a Minister of the Crown, the Scottish Ministers, a Northern Ireland department or a statutory body,

, and

(b)after that subsection insert—

(3)In subsection (2) “statutory body” means a body (other than a company as defined by section 1(1) of the Companies Act 2006) established by or under a statutory provision for the purpose of carrying out functions conferred on it by or under a statutory provision, except that the Treasury may, by order, specify that a body is or is not to be a statutory body for this purpose.

(3)In section 188 (other definitions for Part 5), in subsection (1), in the definition of “company” for “section 156(2A)” substitute “ sections 156(2A) and 169(3) ”.

(4)The amendments made by this section have effect in relation to accounting periods ending on or after 1 January 2015.