C1Part 23Company distributions
Annotations:
Modifications etc. (not altering text)
Chapter 4Special rules for distributions made by certain companies
Close companies
1069Additional persons treated as participators
1
In sections 1064 to 1067 any reference to a participator includes an associate of a participator.
2
If a company (“A”) controls another company (“B”), a person who—
a
is a participator in A, or
b
is an associate of a participator in A,
is treated for the purposes of sections 1064 to 1067 as being a participator in B as well.
3
In this section the following expressions have the same meaning as in Part 10 (close companies)—
a
“associate” (see section 448),
b
“control” (see sections 450 and 451), and
c
“participator” (see section 454).
Pt. 23 applied (with modifications) by 2003 c. 1, s. 554AC(3) (as inserted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by Finance Act 2018 (c. 3), Sch. 1 para. 2)