Commentary

A1.155 Companies, share capital and subsidiaries

Administration and compliance

A1.155 Companies, share capital and subsidiaries

A1.155 Companies, share capital and subsidiaries

These definitions do not apply if the context otherwise requires.

'Company' for capital gains purposes includes any body corporate or unincorporated association but does not include a partnership, and shall be construed in accordance with TCGA 1992, s 991.

'Company' for income tax and corporation tax purposes means any body corporate or unincorporated association, but does not include a partnership, a local authority or a local authority association; and the trustees of an authorised unit trust are treated as if they were a company2. This definition does not apply where some other definition applies, and in

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