Corporation Tax Act 2010 section 995

Interpretation of sections 991 to 994

Section 995 provides definitions of key terms used in the preceding sections 991 to 994, which deal with the meaning of "control" in relation to a body corporate.

• This section acts as a glossary for the rules on "control" set out in sections 991 to 994.
• It defines specific terms that are essential to understanding how control of a company is determined for corporation tax purposes.
• The definitions support the application of the control tests, which look at factors such as share capital, voting power, and rights to income or assets.
• The section originates from section 518(10) of the Income and Corporation Taxes Act 1988 and was amended by Finance Act 2012.