Section 51F | Companies and groups: meaning of “control” ^F1

(1)A company is controlled by a person in a financial year if it is controlled by that person at the end of its chargeable period ending in that financial year.^F1

(2)A group of companies is controlled by a person in a financial year if the company which is the parent undertaking is controlled by that person at the end of its chargeable period ending in that financial year.^F1

(3)Section 574(2) defines “control” in relation to a company which is a body corporate.^F1

(4)In relation to a company (“C”) which is not a body corporate, control means the power of a person (“P”) to secure—^F1

(a)by means of the holding of shares or the possession of voting power in relation to C or another body, or^F1

(b)as a result of any powers conferred by the constitution of C or another body,^F1

that the affairs of C are conducted in accordance with P's wishes.

(5)In subsection (4) “shares” has the meaning given by section 1161(2) of the Companies Act 2006.^F1