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9It is hereby declared that in paragraph 6(2)(c) and paragraph 6(3) of Schedule 18 to the Finance Act 1965 (definitions of director) the expression " either on his own or with one or more associates " requires a person to be treated as owning or as the case may be controlling what any associate owns or controls even if he does not own or control share capital on his own, and that—
(a)in the proviso to the said paragraph 6(3) the expression " apportioned to him together with his associates (if any) ", and
(b)in paragraph 18(1)(b) of Schedule 5 to the [1966 c. 18.] Finance Act 1966 (definition of associate) the expression " either on his own or with his relatives "
have a corresponding meaning.
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