holding company


1. a company which owns more than 50% of the shares in another company. 2. See the entry for ‘subsidiary’, sense 1. 3. For the purposes of group relief in UK corporation tax, a company the business of which consists wholly or mainly in the holding of shares or securities of companies, which are its 90 per cent subsidiaries, and which are trading companies, where ‘trading company’ means a company whose business consists wholly or mainly of the carrying on of a trade or trades. ‘Company’ means a body corporate resident in the UK. 4. In America, a corporation which has other corporations as subsidiaries and which has no substantial business activities other than managing those subsidiaries.


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