# Taxation (International and Other Provisions) Act 2010, Section 162A: Agreements for common management


(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.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/section/162A (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-162A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.