Valid from 19/07/2006
23U.K.In sections 128 to 130 a reference to the giving of a notice by or to a company shall be treated as a reference to the giving of a notice by or to the principal company.
24U.K.An appeal under section 129(6) may be made by the principal company.
25(1)Section 131 shall apply in relation to each UK resident company which is a member of the group; for which purpose—U.K.
(a)a reference to C (tax-exempt) is a reference to the company if or in so far as it is a member of G (property rental business),
(b)a reference to C (residual) is a reference to the company if or in so far as it is a member of G (residual), and
(c)a reference to C (post-cessation) is a reference to the company as a member of G (post-cessation).
(2)Where a percentage of the assets of a member of G (property rental business) is excluded from a financial statement in accordance with paragraph 31(5), the excluded percentage shall be disregarded for the purposes of section 131.
26(1)If a UK resident company ceases to be a member of a group to which Part 4 applies section 131 shall apply to the company as if—U.K.
(a)references to C (tax-exempt) were references to the company as a member of G (property rental business),
(b)references to C (post-cessation) were references to the company after ceasing to be a member of the group, and
(c)the reference to C (residual) were a reference to the company as a member of G (residual).
(2)Where a percentage of the assets of the company is excluded from a financial statement in accordance with paragraph 31(5), the excluded percentage shall be disregarded in applying section 131 to the company.