# Taxation of Chargeable Gains Act 1992, Section 236U: Interpretation of sections 236H to 236U


(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.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/section/236U (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-236U
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.