161 Indirect participation: sections 148 and 175: financing cases
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

161  Indirect participation: sections 148 and 175: financing cases

(1)     Subsection (2) applies for the purposes of sections 148(2)(a) and (3)(a) and 175(2)(a).

(2)     A person (“P”) is indirectly participating in the management, control or capital of another (“A”) at the time of the making or imposition of the actual provision if—

(a)     the actual provision relates, to any extent, to financing arrangements for A,

(b)     A is a body corporate or firm,

(c)

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