CFM35020 - Loan relationships: connected parties: meaning of connection
Connection has different meanings in different contexts
In the rules on connected companies that require connected creditor and debtor companies to use the amortised cost basis, and which restrict the impairment losses that can be claimed for tax purposes, 바카라 사이트˜connection바카라 사이트™ means 바카라 사이트˜control바카라 사이트™ of one company by another, or common control of both companies. This definition of control is set out at CTA09/S472.
In the rules on late-paid interest, connection means 바카라 사이트˜control바카라 사이트™, but also refers to one company holding a 바카라 사이트˜major interest바카라 사이트™ in another, and 바카라 사이트˜participation바카라 사이트™ under the close company rules, and a connection with an occupational pension scheme.
The guidance explains the particular type of connection that applies in each case.