Section 43AZA Section 43A: control testF1

(1)

This section applies for the purposes of section 43A (and expressions used in this section have the same meaning as in that section).

(2)

A body corporate (“X”) controls a UK body corporate if—

(a)

X is empowered by statute to control the UK body corporate's activities, or

(b)

X is the UK body corporate's holding company.

(3)

An individual (“Y”) controls a UK body corporate if Y would, were Y a company, be the UK body corporate's holding company.

(4)

Two or more relevant persons carrying on a business in partnership (“the partnership”) control a UK body corporate if the partnership would, were it a company, be the UK body corporate's holding company.

(5)

In this section “holding company” has the meaning given by section 1159 of, and Schedule 6 to, the Companies Act 2006.

Annotations

Textual amendments

F1: S. 43AZA inserted (1.11.2019) by Finance Act 2019 (c. 1), s. 53(2), Sch. 18 para. 2; S.I. 2019/1348, reg. 2