[429 Meaning of “non-consolidated associate”]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[429  Meaning of “non-consolidated associate”]

[(1)     An entity is a “non-consolidated associate” of a worldwide group, in relation to a period of account of the group (“the relevant period of account”) if condition A, B[, C or D] is met.

(2)     Condition A is that [the ultimate parent's interest in the entity] is accounted for in the financial statements of the group for the relevant period of account—

(a)     as a joint

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