Commentary

D1.1208 Associated companies—holding companies

Corporate tax
Corporate tax | Commentary

D1.1208 Associated companies—holding companies

Corporate tax | Commentary

D1.1208 Associated companies—holding companies

The provisions in this article were repealed with effect from 1 April 2015. From this date for non-ring fence trades there is only one 'main rate' of corporation tax (see D1.1201). Where an accounting period straddles this date it is split into two notional periods. For the small profits rate that applies to ring fence trades (see D1.1204).

Companies that do no more than hold shares in one or more other companies, all of which are its 51% subsidiaries, are disregarded. Such a holding company will not be regarded as carrying on a business if all of

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