TTM17661 - Schedule 22 Finance Act 2000: Part XII groups - Para 117 companies treated as controlled by an individual

FA00/SCH22/PARA117

(1) For the purposes of this Schedule an individual is treated as controlling any company that is controlled-

(a) by him alone, or

(b) by him together with one or more associates of his, or

(c) subject to sub-paragraph (2), by any associate of his, with or without any other such associates.

(2) An individual shall not be treated as controlling a company by virtue of sub-paragraph (1)(c) if he does not have any significant influence over the affairs of the company in question.

References

Control by an individual	TTM12020