992Meaning of “company”U.K.
This section has no associated Explanatory Notes
(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).