# Finance Act 2026, Paragraph 14: Agreements for common management etc

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

(1) Before section 163 insert—
“Agreements for common management
162A (1) Where a person (“A”) and another person (“B”) are the subject of common management arrangements, each of A and B is to be treated, for the purposes of this Chapter, as having control of the other.
(2) Common management arrangements means arrangements that—
(a) result in the management of A and B by the same person or group of persons, and
(b) include a mechanism that it is reasonable to suppose is intended to secure that the economic interests of shareholders in A and B being aligned.
(3) In this section “arrangements” includes any agreement, understanding, scheme, transaction or series of transactions, whether or not legally enforceable.”
(2) In section 157 (direct participation), after subsection (2) insert—
“(3) See also section 162A, which provides for circumstance in which a person will be regarded as having control of another.”

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Source: https://www.legislation.gov.uk/ukpga/2026/11/schedule/6/paragraph/14 (the official version)
Page: https://openlegislation.uk/finance-act-2026/schedule-6/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.