# Corporation Tax Act 2010, Section 444: Companies involved with non-close companies


(1) A company is not to be treated as a close company if condition A or B is met.
(2) Condition A is that the company—
(a) is controlled by one or more companies none of which is a close company, and
(b) cannot be treated as a close company except by taking, as one of the 5 or fewer participators requisite for its being so treated, a company which is not a close company.
(3) Condition B is that the company—
(a) would not be a close company were it not for paragraph (a) of section 439(3) or paragraph (d) of section 450(3), and
(b) would not be a close company if the references in those paragraphs to participators did not include loan creditors which are companies other than close companies.
(4) References in subsections (2) and (3) to a close company include a company which, if UK resident, would be a close company.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/444 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-444
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.