Finance (No. 2) Act 2013

Amendment of section 411 of Principal Act (surrender of relief between members of groups and consortia)

34. (1) Section 411 of the Principal Act is amended in subsection (1)(c)(ii)(II) by deleting “or, where the company is a 75 per cent subsidiary of another company, the principal class of shares of that other company,”.

(2) This section applies as respects accounting periods commencing on or after the date of the passing of this Act.