Schedule 2, Part 1, paragraph 17

In section 301E (disregarded holdings) — for subsection (8)(a) substitute— manages holdings for its parent undertaking or a controlled undertaking of the parent undertaking; for subsection (8)(c)(ii) substitute— a controlled undertaking of the parent undertaking. after subsection (9) insert— For the purposes of this section, an undertaking is a controlled undertaking of the parent undertaking if it is controlled by the parent undertaking; and for this purpose the question of whether one undertaking controls another is to be determined in accordance with section 89J(4) and (5).

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Source: legislation.gov.uk · retrieved 2026-09-04