In the Corporation Tax Acts “company” means any body corporate or unincorporated association, but does not include a partnership, F1a co-ownership scheme (as defined by section 235A of the Financial Services and Markets Act 2000), a local authority or a local authority association.

Subsection (1) needs to be read with section 617 (under which the trustees of an authorised unit trust are treated for certain purposes as a UK resident company).