Section 236U — Taxation of Chargeable Gains Act 1992: Interpretation of sections 236H to 236U

Interpretation of sections 236H to 236U 236U 1 In sections 236H to 236T and this section— “company” has the meaning given by section 170(9); “ordinary share capital” has the meaning given by section 1119 of CTA 2010; “trade” means any trade which is conducted on a commercial basis and with a view to the realisation of profits.

2 In those sections—

a references to a group, to membership of a group or to the principal company of a group, are to be construed in accordance with section 170, and b references to a group are to be construed with any necessary modifications where applied to a company incorporated under the law of a country or territory outside the United Kingdom.

3 In determining whether a person is connected with another for the purposes of those sections, section 286 applies as if subsection (8) of that section also mentioned uncle, aunt, nephew and niece.