CTM03710 - Corporation Tax: small companies: associated companies

For the purposes of ICTA88/S13 (4), a company is an associated company of another at a given time if at that time:

• one of the companies has control of the other, or
• both of the companies are under the control of the same person or persons ( CTM03730).

Control for this purpose is construed in accordance with ICTA88/S416. See the instructions at CTM60210 to CTM60230 regarding the meaning of control and the instructions at CTM03790 and CTM03810 regarding the concessional treatment of companies controlled by certain loan creditors or trustees.