VCM49200 - VC loss relief: companies: associated companies

ICTA88/S573 (5)

For ICTA88/S573 purposes, companies are associated with one another if one controls the other, or if both are under the control of the same person or persons. Control is defined as for close companies, see CTM60200 onwards. You should follow the guidance at CTM03710 in deciding whether one company is associated with another.