VCM74930 - Share loss relief: individual and corporate claimants: individual claimants: type of company invested in: qualifying trading company: condition A: the qualifying subsidiaries requirement: what is a qualifying subsidiary?
The definition of qualifying subsidiary at ITA07/S191 works by specifying the conditions which must be met by a company in order for it to be a qualifying subsidiary of another company (鈥榯he relevant company鈥�) (see VCM13130).
This definition applies to shares issued on or after 17 March 2004. For guidance on earlier definitions (how the requirement has changed over time), see VCM74940.