MEANING OF “GROUP” AND “MEMBER OF GROUP”

Related Commentary  Related HMRC Manuals

116  In this Schedule a “group”  means–

(a)all the companies controlled by an individual, or

(b)where a company that is not controlled by another person controls one or more other companies, that company and all the companies controlled by it.

References to membership of a group shall be construed accordingly.

COMPANIES TREATED AS CONTROLLED BY AN INDIVIDUAL

Related Commentary  Related HMRC Manuals

117(1)  For the purposes of this Schedule an individual is treated as controlling any company that is controlled–

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