CTM97680 - CTSA: group relief: simplified arrangements: members of the same group
Regulation 3(1) SI1999/2975
In a simplified arrangement (CTM97650) the authorised company (CTM97660) and the authorising companies (CTM97670) must be members of the same group of companies. A 鈥榞roup of companies鈥� is 鈥榓 collection of companies such that every pair of companies within that collection comprises companies that are members of the same group of companies within the meaning of CTA10/S152 (previously S413 ICTA88).
A company, which is owned by a consortium of which one of the companies in the group is a member (CTM80555), may also enter into a simplified arrangement.