Part 16Income Tax Acts definitions etc

Chapter 1Definitions

992Meaning of “company”

(1)

In the Income Tax Acts “company” means any body corporate or unincorporated association, but does not include a partnership, a local authority or a local authority association.

(2)

Subsection (1) needs to be with read with F1section 617 of CTA 2010 (authorised unit trust treated as UK resident company).

(3)

This section does not apply for the purposes of—

(a)

Part 6 (venture capital trusts),

(b)

Chapters 1, 3 and 4 of Part 13 (transactions in securities and land and sales of income from occupation), and

(c)

sections 993 and 994 (meaning of “connected” persons).