Corporation Tax Act 2009 section 834

Overview of Chapter

Section 834 introduces the chapter that defines when a person and a company are considered "related parties" for the purposes of the loan relationships rules in Part 5 of the Corporation Tax Act 2009.

• This chapter sets out the rules for determining whether a person and a company are related parties.
• The related party definition is particularly important because it triggers special rules for transactions between related parties, covered separately in Chapter 13.
• The structure deliberately places the definition of related parties before the rules that apply to them, making the legislation easier to follow.
• The definition rules and the transaction rules are kept in separate chapters to improve clarity.