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Consortium company
Practical Law UK Glossary 6-107-6345 (Approx. 2 pages)
Glossary
Consortium company
A company that meets both of the following conditions:
The company is not a 75% subsidiary of another company.
At least 75% of the company's ordinary share capital is beneficially owned by companies, none of which owns less than 5% of that ordinary share capital.
(Section 153, Corporation Tax Act 2010.)
For further discussion about consortium relief, see Groups of companies: tax toolkit.