[554Z Interpretation: general]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[Interpretation]

[554Z  Interpretation: general]

[(1)     This section applies for the purposes of this Part.

(2)     “A” and “B” are defined in section 554A(1)(a) [or, as the case may be, section 554AA(1)].

(3)     “Arrangement” includes any agreement, scheme, settlement, transaction, trust or understanding (whether or not it is legally enforceable).

(4)     “Market value” has the same meaning as it has for the purposes of TCGA 1992 by virtue of Part 8 of that Act.

(5)     Section 170(2) to (11) of TCGA 1992 applies for the purpose of determining whether a company is a member of a group of companies.

(6)     And for that purpose, section 170(2) to (11) is to be read as if for “75 per cent” (wherever occurring)

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