PART XIX SUPPLEMENTAL
Interpretation
C1C2C3C4C5840 Meaning of “control” in certain contexts.
M1For the purposes of, and subject to, the provisions of the Tax Acts which apply this section, “control”, in relation to a body corporate, means the power of a person to secure—
a
by means of the holding of shares or the possession of voting power in or in relation to that or any other body corporate; or
b
by virtue of any powers conferred by the articles of association or other document regulating that or any other body corporate,
that the affairs of the first-mentioned body corporate are conducted in accordance with the wishes of that person, and, in relation to a partnership, means the right to a share of more than one-half of the assets, or of more than one-half of the income, of the partnership.