PART XI CLOSE COMPANIES

F6CHAPTER I INTERPRETATIVE PROVISIONS

Annotations:
Amendments (Textual)
F6

Pt. 11 Ch. 1 (ss. 414-418) repealed (1.4.2010 with effect in accordance with s. 1184(1) of the repealing Act) by Corporation Tax Act 2010 (c. 4), Sch. 1 para. 40, Sch. 3 Pt. 1 (with Sch. 2)

414 Close companies.

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415 Certain quoted companies not to be close companies.

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416 Meaning of “associated company” and “control”.

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417 Meaning of “participator”, “associate”, “director” and “loan creditor”.

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Additional matters to be treated as distributions

418“Distribution” to include certain expenses of close companies.

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F11CHAPTER II CHARGES TO TAX IN CONNECTION WITH LOANS

Annotations:
Amendments (Textual)
F11

Pt. 11 Ch. 2 (ss. 419-422) repealed (1.4.2010 with effect in accordance with s. 1184(1) of the repealing Act) by Corporation Tax Act 2010 (c. 4), Sch. 1 para. 41, Sch. 3 Pt. 1 (with Sch. 2)

419 Loans to participators etc.

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420 Exceptions from section 419.

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421Taxation of borrower when loan under section 419 released etc

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422 Extension of section 419 to loans by companies controlled by close companies.

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F20CHAPTER III APPORTIONMENT OF UNDISTRIBUTED INCOME ETC.

Annotations:
Amendments (Textual)
F20

Pt. 11 Ch. 3 (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by Finance Act 1989 (c. 4), Sch. 17 Pt. 5, Note 4 (with s. 103(2))

F12423 Apportionment of certain income, deductions and interest.

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F13424 Exclusions from section 423.

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F14425 Manner of apportionment.

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F15426 Charge to income tax where apportionment is to an individual.

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F16427 Reduction of charge under section 426 in certain cases.

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F17428 Increase of apportioned sum etc. by reference to ACT.

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F18429 Payment and collection of income tax.

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F19430 Consequences of apportionment: ACT.

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