992Meaning of “company”U.K.
(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 [F1section 617 of CTA 2010 (authorised unit trust treated as UK resident company)].
(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).
Textual Amendments
F1Words in s. 992(2) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 564 (with Sch. 2)