25Associated companiesU.K.
(1)For the purposes of section 24, a company is another company's associated company in an accounting period if it is an associated company (see subsection (4)) for any part of the accounting period.
(2)The rule in subsection (1) applies to each of two or more associated companies even if they are associated companies for different parts of the accounting period.
(3)But an associated company is ignored for the purposes of section 24 if—
(a)it has not carried on a trade or business at any time in the accounting period, or
(b)it was an associated company for part only of the accounting period and has not carried on a trade or business at any time in that part of the accounting period.
(4)For the purposes of this Part, a company is an associated company of another at any time when—
(a)one of the two has control of the other, or
(b)both are under the control of the same person or persons.
(5)In subsection (4) “control” has the same meaning as in Part 10 (see sections 450 and 451).
(6)In this section—
(a)subsection (3) is subject to section 26, and
(b)subsections (4) and (5) are subject to sections 27, 28, 29 and 30.
Modifications etc. (not altering text)
C1Ss. 25-30 applied by Capital Allowances Act 2001 (c. 2), s. 99(5) (as substituted (with effect in accordance with s. 1184(1) of the amending Act) by 2010 c. 4, s. 1184(1), Sch. 1 para. 332 (with Sch. 2))
C2Ss. 24-30 applied (with modifications) by S.I. 1998/3175, reg. 3(5) (as substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Corporation Tax (Instalment Payments) (Amendment) Regulations 2011 (S.I. 2011/1785), regs. 1(1), 4(8))