835 “Related party”
Corporation Tax Act 2009 (2009 c 4) | Legislation

Meaning of “related party", “control” and “major interest”

835  “Related party”

(1)     This section explains when a person (“A”) is a “related party” in relation to a company (“B”) for the purposes of this Part.

(2)     In a case where A is a company, A is a related party in relation to B if—

(a)     A has control of, or holds a major interest in, B, or

(b)     B has control of, or holds a major interest in, A.

(3)     In a case where A is a company, A is a related party in relation to B if A and B are both under the control of the same person

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