Chapter 8: Interpretation of Part
Section 1112: Arrangements between companies
3197.This section extends the meaning of distribution to encompass arrangements between two or more companies to make distributions to each other’s members. It is based on section 254(8) of ICTA.
Section 1113: “In respect of shares”
3198.This section provides interpretation of the term “in respect of shares in the company”. It is based on section 254(1), (2), (4) and (12) of ICTA.
Section 1114: “In respect of securities”
3199.This section provides interpretation of the term “in respect of securities in the company”. It is based on section 254(1), (2), (4) and (12) of ICTA.
Section 1115: “New consideration”
3200.This section provides interpretation of the term “new consideration”. It is based on section 254(1), (5), (6) and (7) of ICTA.
Section 1116: References to married persons, or civil partners, living together
3201.This section contains the definition of “living together”. It is based on section 1011 of ITA.
Section 1117: Other interpretation
3202.This section provides further interpretation. It is based on sections 218(1) and 254(1), (9), (10), (11) and (12) of ICTA.
