A company is an 'associated company' of another company if one
of the two has control of the other, or both are under the control
of the same person or persons (ICTA88/S13 (4)). 'Control' for this
purpose is defined as for close companies (ICTA88/S416 (2) to (6),
see
CTM60210).
A company may be an 'associated company' no matter where it
is resident for tax purposes.
