Part 16Income Tax Acts definitions etc

Chapter 1Definitions

992Meaning of “company”

1

In the Income Tax Acts “company” means any body corporate or unincorporated association, but does not include a partnership, a local authority or a local authority association.

2

Subsection (1) needs to be with read with section 468 of ICTA (authorised unit trusts).

3

This section does not apply for the purposes of—

a

Part 6 (venture capital trusts),

b

Chapters 1, 3 and 4 of Part 13 (transactions in securities and land and sales of income from occupation), and

c

sections 993 and 994 (meaning of “connected” persons).