Section 236U Interpretation of sections 236H to 236UF1

(1)

In sections 236H to 236T and this section—

“company” has the meaning given by section 170(9);
“ordinary share capital” has the meaning given by section 1119 of CTA 2010;
“trade” means any trade which is conducted on a commercial basis and with a view to the realisation of profits.

(2)

In those sections—

(a)

references to a group, to membership of a group or to the principal company of a group, are to be construed in accordance with section 170, and

(b)

references to a group are to be construed with any necessary modifications where applied to a company incorporated under the law of a country or territory outside the United Kingdom.

(3)

In determining whether a person is connected with another for the purposes of those sections, section 286 applies as if subsection (8) of that section also mentioned uncle, aunt, nephew and niece.

Annotations

Textual amendments

F1: Ss. 236H-236U and cross-heading inserted (with effect in accordance with Sch. 37 para. 2 of the amending Act) by Finance Act 2014 (c. 26), Sch. 37 para. 1 (with Sch. 37 paras. 3, 4)