Section 267A | Securitisation companies in a group treated as not consolidated ^F1

(1)Subsection (2) applies to a securitisation company that is a member of a group.

(2)The company is only to be regarded as a member of the group for the purposes of applying Condition C in section 266 in relation to other members of the group (revenue threshold for group).

(3)Otherwise, the company is to be treated as not being a member of any group for the purposes of domestic top-up tax.