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Contents

Official guidance
Company Taxation Manual

CTM01100 · Corporation Tax: introduction

  • CTM01105 · Basis of charge to CT
  • CTM01110 · Definition of company profits
  • CTM01120 · Profits from trusts and partnerships
  • CTM01130 · Computation of profits
  • CTM01140 · Charitable donations relief: formerly charges on income
  • CTM01150 · Application of IT exemptions
  • CTM01160 · Distributions
  • CTM01170 · IT deducted from income received
  • CTM01180 · IT deduction from certain payments
  • CTM01190 · Close companies
  1. Corporation Tax: introduction: contents
  2. Corporation Tax: introduction: close companies

CTM01190 | Corporation Tax: introduction: close companies

From HM Revenue & Customs · Company Taxation Manual

There are special rules for ‘close companies’. Close companies are defined in CTA10/S439 (formerly ICTA88/S414).

The rules govern:

  • the computation of income,

  • the definition of distribution, and

  • the assessment of certain loans.

For guidance on close companies see CTM60000 onwards.

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