Schedules

Schedule 4U.K.Investment vehicles

Part 3U.K.Qualifying asset holding companies

Determining relevant interestsU.K.

10In paragraph 5(4) (determining relevant interests), after paragraph (h) insert—

(ha)in sections 170(3) and 172(3) (shares or securities with limited or temporary rights), for “less than” there were substituted “more than”,

(hb)in section 174 (option arrangements)—

(i)in subsection (1), in Step 4, for “lowest proportion” there were substituted “highest proportion”, and

(ii)in subsection (2), for “less than” there were substituted “more than”,

(hc)in sections 175(3), 176(3), 177(3) and 178(3) (cases in which more than one of sections 170, 172, and 174 apply), for “lowest proportion” there were substituted “highest proportion”,.