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Income Tax (Earnings and Pensions) Act 2003

This section has no associated Explanatory Notes

94(1)For the purposes of the SIP code one company is an “associated company” of another company at a given time if—U.K.

(a)one has control of the other, or

(b)both are under the control of the same person or persons.

(2)Sub-paragraph (1) does not, however, apply for the purposes of paragraph 29 (prohibited shares).

(3)For the purposes of sub-paragraph (1) the question whether a person controls a company is to be determined in accordance with [F1sections 450 and 451 of CTA 2010].

Textual Amendments

F1Words in Sch. 2 para. 94(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. 396(7) (with Sch. 2)