Sch 1A para 9
(1) This paragraph applies where V— (a) holds an interest in company W by virtue of indirectly holding shares or a right, and (b) does so by virtue of having a majority stake (see paragraph 18) in— (i) a legal entity (“L”) which holds the shares or right directly, or (ii) a legal entity that is part of a chain of legal entities such as is described in paragraph 18(1)(b) or (2)(b) that includes L. (2) Where this paragraph applies, V holds the interest in company W— (a) through L, and (b) through each other legal entity in the chain mentioned in sub-paragraph (1)(b)(ii).