If the issuing company is a parent company, then the qualifying subsidiaries requirement must be met. The qualifying subsidiaries requirement is simply stated. It is that at any time in period B (see E3.104), any subsidiary that the issuing company has must be a qualifying subsidiary1.
A company (S) is a qualifying subsidiary of another company (P) where2:
- Ìý
•ÌýÌýÌýÌý it is a 51% subsidiary of P
- Ìý
•ÌýÌýÌýÌý no other person other than P or another of P's subsidiaries can have control
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