# Capital Allowances Act 2001, Section 574: Meaning of “control”

Extent: E+W+S+N.I.

(1) In this Act “ control ” is used in the sense given in this section (but, for the purposes of section 575, this definition applies only where expressly indicated).
(2) In relation to a body corporate (“ company A ”), “ control ” means the power of a person (“ P ”) to secure—
(a) by means of the holding of shares or the possession of voting power in relation to that or any other body corporate, or
(b) as a result of any powers conferred by the articles of association or other document regulating that or any other body corporate,
that the affairs of company A are conducted in accordance with P’s wishes.
(3) In relation to a partnership, “ control ” means the right to a share of more than half of the assets, or of more than one half of the income, of the partnership.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/574 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-574
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.