Valid from 01/04/2009

Part 8 U.K. Intangible fixed assets

Chapter 12 U.K. Related parties

Rights and powers to be taken into account U.K.

839 Rights and powers held jointly U.K.

(1) References in this Chapter—

(a) to rights and powers of a person, or

(b) to rights and powers that a person is or will become entitled to acquire,

include rights or powers that are exercisable by that person, or when acquired will be exercisable by that person, only jointly with one or more other persons.

(2) Subsection (1) is subject to section 840 (partnerships).