Part 8Intangible fixed assets
Chapter 12Related parties
Meaning of “participator” and “associate”
841“Participator” and “associate”
(1)
In this Chapter “participator”, in relation to a close company, has the meaning F1given by section 454 of CTA 2010, except as provided in subsection (2).
(2)
“Participator” does not include a person just because the person is a loan creditor of the company within the meaning F2given by section 453 of CTA 2010.
(3)
In this Chapter “associate”, in relation to a participator in a close company, has the meaning given by F3section 448 of CTA 2010.