# Corporation Tax Act 2010, Section 271: “Associated companies”


(1) For the purposes of this Part two companies are associated with one another if—
(a) one is a 51% subsidiary of the other,
(b) each is a 51% subsidiary of a third company,
(c) one is owned by a consortium of which the other is a member,
(d) one has control of the other, or
(e) both are under the control of the same person.
(2) For the purposes of this section—
(a) a company is owned by a consortium if at least 75% of the company's ordinary share capital is beneficially owned by other companies each of which beneficially owns at least 5% of that capital, and
(b) the other companies each owning at least 5% of that capital are the members of the consortium.
(3) In this section “control” has the same meaning as in Part 10 (close companies) (see sections 450 and 451).

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/271 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-271
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.