SCHEDULES
SCHEDULE 2F1... share incentive plans
Annotations:
Amendments (Textual)
Part 11Supplementary provisions
Meaning of “associated company”
94
1
For the purposes of the SIP code one company is an “associated company” of another company at a given time if—
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 F2sections 450 and 451 of CTA 2010.
Word in Sch. 2 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 14, 89 (with Sch. 8 paras. 90-96)