Section 1090 — Corporation Tax Act 2010: Meaning of “company concerned in an exempt distribution”

Meaning of “company concerned in an exempt distribution” 1090 1 For the purposes of this Chapter the companies concerned in an exempt distribution are—

a any relevant company (as defined in section 1080),

and b any other company which was connected with any relevant company for the whole or any part of the affected period.

2 In this section “ the affected period ” means the period—

a beginning with the exempt distribution, and b ending with the making of the payment in question.

3 For the purposes of this section, if a company (“A”) is connected with another company (“B”) in the affected period, A is also connected in that period with any company with which B is connected (with or without the help of this subsection) in that period.