Part 4Transfer pricing

CHAPTER 2Key interpretative provisions

“Indirect participation” in management, control or capital of a person

158Indirect participation: defined by sections 159 to F1161

(1)

This section is about how to read the references, in this Part and in some other provisions of this Act, to indirect participation.

(2)

For the purposes of sections F2148(2) and (3) and 175, a person is indirectly participating in the management, control or capital of another person only if section 159, 160 or 161 so provides.

F3(3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4)

For the purposes of—

(a)

sections 154(5) and 204(4),

(b)

in Part 2, section 132(7), F4...

F5(c)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6, and

(d)

in Part 6A, section 259NB(4),

a person is indirectly participating in the management, control or capital of another person only if section 159 or 160 so provides.

F7(5)

For the purposes of section 219(2) (which is in Part 5), a person is indirectly participating in the management, control or capital of another person only if any of sections 159 to 162 so provide.