59 Groups of companies
Finance Act 1996 (1996 c 8) | Legislation

59  Groups of companies

(1)     Where under the following provisions of this section any bodies corporate are treated as members of a group, for the purposes of this Part—

(a)     any liability of a member of the group to pay tax shall be taken to be a liability of the representative member;

(b)     the representative member shall be taken to carry out any taxable activities which a member of the group would carry out (apart from this section) by virtue of section 69 below;

(c)     all members of the group shall be jointly and severally liable for any tax due from the representative member.

(2)     Two or more bodies corporate are eligible to be treated as members of a group if the [conditions] mentioned in subsection (3) below [are fulfilled] and—

(a)     one of them controls each of the others,

(b)     one person

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