Corporation Tax Act 2010 section 449

"Associated company"

Section 449 defines when a company is treated as an "associated company" of another company for the purposes of Part 10 of the Corporation Tax Act 2010.

• A company is an associated company of another if one has control of the other, or both are controlled by the same person or persons.
• The test applies at the particular time in question or at any point within the preceding 12 months.
• The definition is relevant wherever the concept of associated companies is used within Part 10 of the Act.
• Control by the same person or group of persons is sufficient to make two companies associated, even if neither company directly controls the other.