Section 236U | Interpretation of sections 236H to 236U ^F1

(1)In sections 236H to 236T and this section—^F1

“company” has the meaning given by section 170(9);

“ordinary share capital” has the meaning given by section 1119 of CTA 2010;

“trade” means any trade which is conducted on a commercial basis and with a view to the realisation of profits.

(2)In those sections—^F1

(a)references to a group, to membership of a group or to the principal company of a group, are to be construed in accordance with section 170, and^F1

(b)references to a group are to be construed with any necessary modifications where applied to a company incorporated under the law of a country or territory outside the United Kingdom.^F1

(3)In determining whether a person is connected with another for the purposes of those sections, section 286 applies as if subsection (8) of that section also mentioned uncle, aunt, nephew and niece.^F1