Corporation Tax Act 2010 section 150

Overview of Chapter

Section 150 introduces the chapter that explains how to determine a company's relationship with other companies for the purposes of group relief.

• The chapter sets out how to determine whether a company is a 75% or 90% subsidiary of another company.
• It explains how to establish whether a company is a member of a group of companies.
• It covers the rules for determining whether a company is owned by a consortium or is a member of a consortium.
• Additional rules in sections 154 to 156 modify these definitions where arrangements exist for the transfer of companies.