BLM81055 - Sale of lessor companies and similar arrangements: partnerships: partnerships involving consortia: meaning of 'associated company of the relevant company' (FA06/Sch10/Para26)
»Ê¹ÚÌåÓýapp concept of the associated company of the relevant company is extended to encompass structures involving consortium relationships so that if a leasing business is carried on by a company in partnership that is owned by a consortium or a company that is a 75% subsidiary of a holding company owned by a consortium the connection rule will reach up through the consortium to encompass companies that are members of the consortium and companies that are associated with members of the consortium.
»Ê¹ÚÌåÓýapp rules are different depending on whether there is a change in the partner company’s interest in the business of the partnership, see BLM81060, or there is a change in the ownership of the consortium member that is a partner in the leasing business, see BLM81065.