Income Tax Act 2007

332Minor definitions etcU.K.
This section has no associated Explanatory Notes

In this Part—

  • “associate” has the meaning given by section 253,

  • “company” includes any body corporate or unincorporated association but does not include a partnership, and is to be read in accordance with [F1section 99] of TCGA 1992 (unit trust schemes),

  • “director” is read in accordance with [F2section 452 of CTA 2010],

  • “group” means a parent company and its qualifying subsidiaries,

  • “group company”, in relation to a group, means the parent company or any of its qualifying subsidiaries,

  • “ordinary shares” means shares forming part of a company's ordinary share capital,

  • “parent company” means a company that has one or more qualifying subsidiaries and “single company” means a company that does not,

  • “research and development” has the meaning given by section 1006, and

  • “shares” includes stock.

Textual Amendments

F1Words in s. 332 substituted (1.1.2018) by The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204), regs. 1(1), 12(a) (with reg. 1(2)(3)) and words in s. 332 omitted (1.1.2018) by virtue of The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204), regs. 1(1), 12(b) (with reg. 1(2)(3)) which amendments fall due to the omission of Finance Act, Sch. 22 para. 11(5) (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204), regs. 1(1), 13

F2Words in s. 332 substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 507 (with Sch. 2)