Introduction Equity holders Overview Section 152: Groups of companies
602.This section sets out the conditions for companies to be treated as members of the same group. It is based on section 413 of ICTA.
603.In regulation 17 of the Taxation of Securitisation Companies Regulations 2006 (SI 2006/3296) there is a rule that a securitisation company (defined in regulation 4) is not to be treated as a member of a group or consortium. And regulation 8 of the Taxation of Insurance Securitisation Companies Regulations 2007 (SI 2007/3402) has a similar rule about insurance securitisation companies (defined in regulation 4). The regulations continue to apply for the purposes of this Part of this Act as they apply for the purposes of Chapter 4 of Part 10 of ICTA.
604.Similar regulations relating to property securitisation companies have been published in draft for consultation.