Corporation Tax Act 2009

371 Interpretation U.K.

(1) In this Chapter—

• [F1 “consortium company” means a trading company, as defined by section 185(1) of CTA 2010, that is owned by a consortium or a holding company that is so owned,]

• “debtor consortium company” has the same meaning as in section 364 (see section 364(2)),

• “group accounting period” is to be read in accordance with section 370,

• “group member” has the same meaning as in section 364 (see section 364(2)),

• [F2 “group relief” means corporation tax relief under Part 5 of CTA 2010 (see section 97(2) of that Act),]

• [F3 “holding company” has the same meaning as in Part 5 of CTA 2010 (see section 185(2) of that Act),]

• “member”, in relation to a consortium, has the same meaning as in [F4 Part 5 of CTA 2010 (see section 153(2) of that Act)],

• “member company” has the same meaning as in section 364 (see section 364(2)),

• “net consortium debit” is to be read in accordance with section 365(2) and (3),

• “relevant consortium creditor relationship” is to be read in accordance with section 364(2), and

• “subsidiary”, in relation to a company which is a holding company, means [F5 a trading company (as defined by section 185(1) of CTA 2010) that, by reference to that holding company, is owned by a consortium by virtue of section 153(3) of that Act].

(2) Any reference in this Chapter to a company being owned by a consortium is to be read in accordance with [F6 section 153 of CTA 2010].

(3) Any reference in this Chapter to two companies being members of the same group of companies is a reference to those companies being members of the same group of companies for the purposes of [F7 Part 5 of CTA 2010 (group relief) (see section 152 of that Act)].

Textual Amendments

F1 Words in s. 371(1) 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. 609(2)(a) (with Sch. 2)

F2 Words in s. 371(1) 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. 609(2)(b) (with Sch. 2)

F3 Words in s. 371(1) 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. 609(2)(c) (with Sch. 2)

F4 Words in s. 371(1) 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. 609(2)(d) (with Sch. 2)

F5 Words in s. 371(1) 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. 609(2)(e) (with Sch. 2)

F6 Words in s. 371(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. 609(3) (with Sch. 2)

F7 Words in s. 371(3) 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. 609(4) (with Sch. 2)