4For the purposes of this Schedule companies are linked companies if they are members of the same group or are associated with each other; and for the purposes of this paragraph—
(a)“group” means a company which has one or more 51 per cent. subsidiaries together with that subsidiary or those subsidiaries (section 838 (meaning of 51 per cent. subsidiary) of the Taxes Act 1988 having effect for the purposes of this paragraph as for those of the Tax Acts), and
(b)two companies are associated with each other if one controls the other or both are under the control of the same person or persons (section 416(2) to (6) (meaning of control) of the Taxes Act 1988 having effect for the purposes of this paragraph as for those of Part XI of that Act).
Modifications etc. (not altering text)
C1Sch. 11 para. 4 applied(retrospective to 09.06.1989) by Finance Act 1990(c. 29, SIF 63:1,2), s. 56, Sch. 10 paras. 5(5), 29(4)).