Section 719A — Income Tax Act 2007: Other definitions

Other definitions 719A In this Chapter— “ closely-held company ” means—

a close company for the purposes of the Corporation Tax Acts (see Part 10 of CTA 2010), or a company that would be a close company if section 442(a) of CTA 2010 were ignored (non-UK resident company not to be treated as close); “ nominee ”, in relation to an individual, means a person— who possesses any rights or powers on behalf of the individual, or who may be required to exercise any rights or powers on the individual’s direction or behalf; “ participator ” is to be construed in accordance with section 454 of CTA 2010.