Section 521 | “UK company” and “non-UK company”

(1)In this Part “UK company” means a company which is—

(a)UK resident, and

(b)not resident in another place in accordance with the law of that place relating to taxation.

(2)References in this Part to a “non-UK company”, in the case of a group of companies, are to be read in accordance with subsection (1) (and references in such a case to a company which is a “UK member” or “non-UK member” of the group are to be read accordingly).