CTM01190 - Corporation Tax: introduction: close companies

»Ê¹ÚÌåÓýappre are special rules for ‘close companiesâ€�. Close companies are defined in CTA10/S439 (formerly ICTA88/S414).

»Ê¹ÚÌåÓýapp rules govern:

  • the computation of income,
  • the definition of distribution, and
  • the assessment of certain loans.

For guidance on close companies see CTM60000 onwards.