# Finance Act 2021, Paragraph 16


(1) Section 99 (long-life assets: the monetary limit) is amended as follows.
(2) In subsection (4)—
(a) for “In the case of a company (“C”), if, in a chargeable period, one or more companies are related 51% group companies of C” substitute “ If, in a chargeable period, a company has one or more associated companies ”, and
(b) in the definition of “N”, for “number of related 51% group” substitute “ number of associated ”.
(3) After that subsection insert—
“(4A) The rules in Part 3A of CTA 2010 (see sections 18E to 18J) which apply for determining whether a company is another company's associated company in an accounting period for the purposes of section 18D of that Act apply for the purposes of subsection (4).”

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Source: https://www.legislation.gov.uk/ukpga/2021/26/schedule/1/paragraph/16 (the official version)
Page: https://openlegislation.uk/finance-act-2021/schedule-1/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.