Capital Allowances Act 2001 section 51F

Companies and groups: meaning of "control"

Section 51F defines what "control" means in relation to companies and groups of companies for the purposes of determining annual investment allowance entitlements.

• A company is controlled by a person in a financial year if that person controls it at the end of the company's chargeable period ending in that year
• A group is controlled by a person if that person controls the parent undertaking at the end of the parent's chargeable period ending in that financial year
• For companies that are bodies corporate, the definition of control is found in section 574(2) of the Capital Allowances Act 2001
• For companies that are not bodies corporate, control means having the power to ensure the company's affairs are conducted in accordance with one's wishes, whether through shareholdings, voting power, or constitutional powers