Section 221 — Income Tax Act 2007: Receipts of value by and from connected persons etc

Receipts of value by and from connected persons etc 221 In sections 213, 214 and 216 to 218—

a any reference to a payment or transfer to the investor includes a reference to a payment or transfer made to the investor indirectly or to the investor's order or for the investor's benefit, b any reference to the investor includes a reference to an associate of the investor, and c any reference to the issuing company includes a reference to a person who at any time in period A relating to the relevant shares is connected with that company (whether or not that person is so connected at the material time).