‘Group’ means a company which has one or more 51% subsidiaries, together with that or those subsidiaries.
This definition does not apply for the purposes of the trading or gross assets requirements of a qualifying trading company (ITA07/S137 and S142, and CTA10/S79 and S84, see VCM74610 and VCM75100): for those purposes ‘group’ means a parent company and its qualifying subsidiaries.
Holding company
‘Holding company’ means a company whose business consists wholly or mainly in the holding of shares or securities of companies which are its 51% subsidiaries.
Investment company
‘Investment company’ means a company whose business consists wholly or mainly in the making of investments and which derives the principal part of its income from the making of investments.