68 Meaning of “material interest” in a company
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

68  Meaning of “material interest” in a company

(1)     For the purposes of the benefits code a person has a material interest in a company if condition A or B is met.

(2)     Condition A is that the person (with or without one or more associates) or any associate of that person (with or without one or more [other such associates]) is—

(a)     the beneficial owner of, or

(b)     able

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