Corporation Tax Act 2010 section 1121

"Company"

Section 1121 defines what the term "company" means for the purposes of the Corporation Tax Acts, setting out which types of entity are included and which are specifically excluded.

• A "company" means any body corporate or unincorporated association for corporation tax purposes.
• Partnerships, co-ownership schemes, local authorities, and local authority associations are all excluded from the definition.
• The trustees of an authorised unit trust are treated as a UK resident company for certain corporation tax purposes, effectively bringing them within the definition.
• Co-ownership schemes are those defined under section 235A of the Financial Services and Markets Act 2000, which relates to certain collective investment arrangements.