Section 43AZA | Section 43A: control test ^F1

(1)This section applies for the purposes of section 43A (and expressions used in this section have the same meaning as in that section).

(2)A body corporate (“X”) controls a UK body corporate if—

(a)X is empowered by statute to control the UK body corporate's activities, or

(b)X is the UK body corporate's holding company.

(3)An individual (“Y”) controls a UK body corporate if Y would, were Y a company, be the UK body corporate's holding company.

(4)Two or more relevant persons carrying on a business in partnership (“the partnership”) control a UK body corporate if the partnership would, were it a company, be the UK body corporate's holding company.

(5)In this section “holding company” has the meaning given by section 1159 of, and Schedule 6 to, the Companies Act 2006.