Document ID: chunk:federal_register_of_legislation:C2010C00690:clause:1_4:p8
Version: federal_register_of_legislation:C2010C00690
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 8/8)
Character Range: 47941–49104

be taxable apart from this Part at a rate that is or equals the *general company tax rate; and             (b) comply with section 703‑25, if it is a trust; or
                                                 (c) the entity must not be a non‑profit company (as defined in the Income Tax Rates Act 1986)                                                                                             (c) be a partnership

703‑20  Certain entities that cannot be members of a consolidated group or consolidatable group

 (1) The object of this section is to specify certain entities that cannot be *members of a *consolidated group because of the way their income is treated for income tax purposes.

 (2) An entity of a kind specified in an item of the table cannot be a *member of a *consolidated group or a *consolidatable group at a time in an income year if the conditions specified in the item exist:

Certain entities that cannot be members of a consolidated or consolidatable group
Item                                                                               An entity of this kind:  Cannot be a member of a consolidated group or consolidatable group if: