168 Directors excluded from connection
Income Tax Act 2007 (2007 c 3) | Legislation

168  Directors excluded from connection

(1)     An individual is not connected with the issuing company under section 167 merely because the individual, or an associate of the individual, is a director of that or another company unless the individual or associate (or a partnership of which the individual or associate is a member)—

(a)     receives a payment from the issuing company or a related person during the period mentioned in section 163, or

(b)     is entitled to receive such a payment in respect of that period or any part of it.

(2)     For the purposes of subsection (1) the following are ignored—

(a)

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