TTM12080 - Tonnage Tax Groups: Control

Attribution of powers to achieve control

In considering whether a person controls a company there may be attributed under paragraph 118(2):

• any rights or powers which another person holds on his behalf, and
• any rights or powers which another person may be required to exercise at his direction or on his behalf, and
• any rights or powers of a company of which he has, or he and his associates have, control, or of any two or more such companies, and
• any rights or powers of any associate of his, or of any two or more associates of his.

References