Commentary on Sections Overview Chapter 8: Groups of companies: introduction Section 773: Supplementary provisions
2072.This section gives minor supplementary “group” rules. It is based on paragraph 54 of Schedule 29 to FA 2002.
2073.Subsection (2) applies certain provisions of TCGA. Those TCGA provisions cover certain statutory bodies created to run an industry (or part of an industry) under public ownership. They include, in particular, those set up under the Transport Acts of 1962 and 1968. The effect of subsection (2) is that they can be treated as companies for the purposes of testing whether their subsidiaries form a group with them.