Document ID: chunk:federal_register_of_legislation:C2014C00749:clause:15_2
Version: federal_register_of_legislation:C2014C00749
Segment Type: clause
Provision Reference: sch 15 cl 2
Character Range: 335666–336414

2                                       both *fixed trusts                     There must be 2 or more *ultimate owners who:
                                                                               (a) at some time during that period, because of the same test in section 727‑410, have *ultimate stakes, of percentages totalling at least 80%, in one of the trusts; and
                                                                               (b) at that or a different time during that period, because of that same test, have * ultimate stakes, of percentages totalling at least 80%, in the other trust
                                                                               Also, subsection (2) of this section must be satisfied