Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Taxes Consolidation Act 1997 section 417
Diminished share of profits or assets
Section 417 addresses situations where an equity holder's entitlement to a share of profits or assets on a winding up may change over time or as a result of arrangements, and ensures that the lowest applicable percentage is used when applying the 75% test for group relief.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.