This is the original version (as it was originally enacted).
(1)In this Part “corporate entity” means (subject to subsection (4))—
(a)a body corporate incorporated under the laws of any part of the United Kingdom or any other country or territory, or
(b)any other entity that meets conditions A and B.
(2)Condition A is that the person or persons who have an interest in the entity hold shares in the entity, or interests corresponding to shares.
(3)Condition B is that the amount of profits to which each person who has an interest in the entity is entitled depends upon a decision that—
(a)is taken by the entity or members of the entity, and
(b)is taken after the period in which the profits arise.
(4)The following are not corporate entities for the purposes of this Part—
(a)the Crown,
(b)a Minister of the Crown,
(c)a government department,
(d)a Northern Ireland department, or
(e)a foreign sovereign power.
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
