»Ê¹ÚÌåÓýapp

For the purposes of paragraph 46, a jointly owned company is one that is not controlled by any one person and 50% of the issued share capital is owned by one person and 50% by another, or which is otherwise controlled by two persons taken together. Paragraph 46 allows for the Schedule 3 SAYE code relating to group schemes (see ETASSUM39030) to be extended to include jointly owned companies and any company controlled by that jointly owned company. »Ê¹ÚÌåÓýapp conditions for this are that no jointly owned company or any company controlled by that company may be a constituent company in more than one group scheme nor may the jointly owned company (or one of its subsidiaries) be a constituent company of a group scheme if one of those companies (the jointly owned company and its subsidiaries) is a constituent of another group scheme.

For the purposes of each joint owner of a jointly owned company is regarded as controlling every jointly owned company and any company controlled by that company.