When will revenue from Participating Interests “substantially” comprise a holding company’s interests?

When will revenue from Participating Interests “substantially” comprise a holding company’s interests?

 If a holding company’s average income throughout the relevant Tax Period and the Tax Period prior to it consisted of 50% or more of dividends, capital gains, and other income from Participating Interests, then that holding company’s income will predominantly consist of income from Participating Interests.

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