Section 371 — Corporation Tax Act 2009: Interpretation

Interpretation 371 1 In this Chapter— “ consortium company ” means a trading company, as defined by section 185(1) of CTA 2010, that is owned by a consortium or a holding company that is so owned, “ debtor consortium company ” has the same meaning as in section 364 (see section 364(2)), “ group accounting period ” is to be read in accordance with section 370, “ group member ” has the same meaning as in section 364 (see section 364(2)), “ group relief ” has the meaning given by section 364(4), “ holding company ” has the same meaning as in Part 5 of CTA 2010 (see section 185(2) of that Act), “ member ”, in relation to a consortium, has the same meaning as in Part 5 of CTA 2010 (see section 153(2) of that Act) , “ member company ” has the same meaning as in section 364 (see section 364(2)), “ net consortium debit ” is to be read in accordance with section 365(2) and (3), “ relevant consortium creditor relationship ” is to be read in accordance with section 364(2), and “ subsidiary ”, in relation to a company which is a holding company, means a trading company (as defined by section 185(1) of CTA 2010) that, by reference to that holding company, is owned by a consortium by virtue of section 153(3) of that Act .

2 Any reference in this Chapter to a company being owned by a consortium is to be read in accordance with section 153 of CTA 2010 .

3 Any reference in this Chapter to two companies being members of the same group of companies is a reference to those companies being members of the same group of companies for the purposes of Part 5 of CTA 2010 (group relief) (see section 152 of that Act) .