Corporation Tax Act 2009 section 764

Meaning of "company", "group" and "subsidiary"

Section 764 defines what counts as a "company", a "group" and a "subsidiary" for the purposes of the intangible fixed assets grouping rules in Part 8 of the Act.

• The chapter sets out how to determine whether companies form a group and which company is the principal company of that group.
• The definition of "company" is broad, covering UK Companies Act companies, companies formed by Royal Charter or other Acts, foreign companies, registered societies, incorporated friendly societies and building societies — but not limited liability partnerships.
• The terms "group" and "subsidiary" must be read with any necessary modifications when applied to companies formed outside the United Kingdom.
• These definitions underpin the group relief and transfer rules for intangible fixed assets throughout Part 8 of the Act.