C1C2C3C4Part 4Transfer pricing
Annotations:
Modifications etc. (not altering text)
C2
Pt. 4 excluded (1.10.2011) by Postal Services Act 2011 (c. 5), s. 93(2)(3), Sch. 2 para. 6(2); S.I. 2011/2329, art. 3
C3
Pt. 4 excluded (1.4.2012) by Budget Responsibility and National Audit Act 2011 (c. 4), s. 29, Sch. 4 para. 3(2); S.I. 2011/2576, art. 5
C4
Pt. 4 excluded (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 129(11) (with s. 147, Sch. 17)
CHAPTER 2Key interpretative provisions
“Direct participation” in management, control or capital of a person
157Direct participation
1
Subsection (2) applies for the purposes of—
a
this Part,
b
in Part 2, section 132(7), and
c
in Part 5, section 219(2).
C52
A person is directly participating in the management, control or capital of another person at a particular time if (and only if) that other person is at that time—
a
a body corporate or a firm, and
b
controlled by the first person.
Pt. 4 excluded by 2010 c. 4, s. 938N (as inserted (19.7.2011) by Finance Act 2011 (c. 11), Sch. 5 para. 2)