# Income Tax Act 2007, Section 995: Meaning of “control”


(1) This section has effect for the purposes of the provisions of the Income Tax Acts which apply this section.
(2) In relation to a body corporate (“company A”), “control” means the power of a person (“P”) to secure—
(a) by means of the holding of shares or the possession of voting power in relation to that or any other body corporate, or
(b) as a result of any powers conferred by the articles of association or other document regulating that or any other body corporate,
that the affairs of company A are conducted in accordance with P's wishes.
(3) In relation to a partnership, “control” means the right to a share of more than half the assets, or of more than half the income, of the partnership.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/995 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-995
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.