841“Participator” and “associate”U.K.
(1)In this Chapter “participator”, in relation to a close company, has the meaning [F1given by section 454 of CTA 2010], except as provided in subsection (2).
(2)“Participator” does not include a person just because the person is a loan creditor of the company within the meaning [F2given by section 453 of CTA 2010].
(3)In this Chapter “associate”, in relation to a participator in a close company, has the meaning given by [F3section 448 of CTA 2010].
Textual Amendments
F1Words in s. 841(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 657(2) (with Sch. 2)
F2Words in s. 841(2) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 657(3) (with Sch. 2)
F3Words in s. 841(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 657(4) (with Sch. 2)