Paragraph 14 Meaning of “closely related”

In section 1143 (preparatory or auxiliary activities), for subsection (2D) substitute—

“(2CA)

For the purposes of this section, one person (“A”) is closely related to another person (“B”) if, based on all the relevant facts and circumstances, A has control of B or A and B are under the control of the same persons, including if the 50% investment condition is met in relation to A and B.”