Part 14Change in company ownership

Chapter 6Recovery of unpaid corporation tax

Miscellaneous

718Meaning of “associated company”

1

This section has effect for the purposes of sections 713 and 714.

2

“Associated company”, in relation to Y and an assessment to tax, means a company (whenever formed) which, at the time of the assessment or at an earlier time after the change in the ownership of Y—

a

has control of Y,

b

is a company of which Y has control, or

c

is a company under the control of the same person or persons as Y.