LLPs and associated companies
I understand (or at least, I think I do!) that a company cannot be associated with an LLP for the purpose of the small profits rate of corporation tax, whether the company has control of the LLP or the LLP holds the majority of shares in the company, but what is the position:
- where one LLP holds all the shares in a number of companies. Are the "subsidiary" companies associated by reason of being under the common control of the LLP?
- where a company has majority control of an LLP which holds all the shares in a number of companies. Is the "parent" company associated with the LLP's "subsidiary" companies?