Revenue Precedents

Whether relief is allowed where a holding company is also a trading company (subsections 5 (e) & (f) )? Relief is allowed. 10407/5224/88

Can employees of a subsidiary company claim relief on loans acquired to buy shares in the holding Co.? Employees of a Co., which is a 100% subsidiary of a second Co., which in turn is a subsidiary of a third Co., can claim relief. 10407/5699/90

Would a registered Industrial & Provident Society be regarded as a private co. for relief under section 250? Such a society would not be regarded as a private company for the purposes of granting interest relief under section 250. 6835/86