CTA10/S25 (4)

More than one person (or group of persons) may have control of a company at the same time. For example, one person may have the greater part of the voting power, while another holds the greater part of the issued share capital and yet a third is entitled to the greater part of the assets in a winding-up For the meaning of control see CTM60210 to CTM60230.

Whether or not two companies are under the control of the same person will appear after applying the control tests in CTA10/S450 and S451 to both companies. However, to determine whether two companies are under the control of the same persons it is necessary to look at which group or groups of persons control each company.

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