[809FZZ Interpretation of Chapter 5F]
Income Tax Act 2007 (2007 c 3) | Legislation

[Interpretation]

[809FZZ  Interpretation of Chapter 5F]

[(1)     In this Chapter—

“5% interest”, “15% interest”, “20% interest”, “25% interest” and “40% interest” are to be construed in accordance with subsection (4);

“act together”: two or more investment schemes act together in relation to a company if—

(a)     they enter into contractual arrangements (with or without other persons) in relation to the conduct of the company's affairs,

(b)     the arrangements are negotiated on arm's length terms, and

(c)     the investment schemes act together to secure greater control or influence over the company's affairs than they would be able to secure individually;

“alternative finance arrangements” has the same meaning as in Part 6 of CTA 2009 (see section 501(2) of that Act);

“arrangements” has the same meaning as in Chapter 5E (see section 809EZE);

“associated”: two (or more) investment schemes are “associated if—

(a)     the same or substantially the same individuals provide investment management services to both schemes;

(b)     the investment schemes have the same or substantially the same investments, and

(c)     the schemes act together in relation to all or substantially all of the investments they acquire;

“carried interest” has the same meaning as in section 809EZB (see sections 809EZC and

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