ICTA88/S838, TCGA92/S182 (4), TCGA92/S183 (3), TCGA92/S183 (4), TCGA92/S183 (5), TCGA92/S184 (1) & TCGA92/S184 (5)

The provisions apply the following definitions.

LINKED COMPANIES

Companies are linked companies if they are members of the same group or are associated with each other.

GROUP

A group comprises a company and its 51 per cent subsidiaries.

51 PER CENT SUBSIDIARY

A 51 per cent subsidiary is a company more than 50 per cent of whose ordinary share capital is owned directly or indirectly by another company.

ASSOCIATED COMPANIES

Two companies are associated if one controls the other or both are under the control of the same person or persons.

CONTROL

As defined in ICTA88/S416(2) to (6).

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.