Corporation Tax Act 2010 section 82

The qualifying subsidiaries requirement

Section 82 sets out the requirement that any subsidiary of a company seeking gift aid small donations relief must be a qualifying subsidiary.

• Any subsidiary the company has must meet the definition of a "qualifying subsidiary".
• This is one of the requirements that must be met throughout the relevant period specified in section 78(3).
• The definition of "qualifying subsidiary" is taken from section 191 of the Income Tax Act 2007.
• If any subsidiary fails to meet the qualifying subsidiary conditions, the company will not satisfy this requirement.