[F1783BPExclusion from relief: payments by close companyU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)No relief under this Chapter is given to an individual for a tax year if—
(a)the individual has relevant property income for the tax year, and
(b)the income includes a payment made by, or on behalf of, a close company at a time when the individual is—
(i)a participator in the close company, or
(ii)an associate of a participator in the close company.
(2)In this section “associate” and “participator” have the same meanings as in Part 10 of CTA 2010 (see sections 448 and 454).]
Textual Amendments
F1Pt. 6A inserted (16.11.2017) (with effect in accordance with Sch. 3 para. 13 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 3 para. 1