Corporation Tax Act 2009

371 Interpretation

(1) In this Chapter—

• “consortium company” means a company within section 402(3)(a), (b) or (c) of ICTA (surrender of relief between members of consortia),

• “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)),

• “group relief” has the meaning given by section 402(1) of ICTA,

• “holding company” means a company within section 402(3)(c) of ICTA,

• “member”, in relation to a consortium, has the same meaning as in Chapter 4 of Part 10 of ICTA (group relief),

• “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 a company which is within section 402(3)(b) of ICTA by reference to that holding company.

(2) Any reference in this Chapter to a company being owned by a consortium is to be read in accordance with section 413(6) of ICTA.

(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 Chapter 4 of Part 10 of ICTA (group relief) (see section 413(3)(a) of that Act).