General
98. The following definitions apply for the purposes of this Schedule and its interpretation:
''fellow subsidiary undertaking" shall have the same meaning as in section 275 of the Principal Act;
''group" means a holding undertaking and its subsidiary undertakings;
''group undertaking" has the meaning assigned to it by section 275 of the Principal Act;
''Insurance and Reinsurance Directive" means Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 [OJ L 335, 17.12.2009, p. 1];
''lease" includes an agreement for a lease;
''long lease" means a lease in the case of which the portion of the term for which it was granted remaining unexpired at the end of the financial year is not less than 50 years;
''short lease" means a lease which is not a long lease.
Assets: fixed or current
99. For the purposes of this Schedule, assets of an undertaking shall be taken to be fixed assets if they are intended for use on a continuing basis in the
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