VCM55230 - VCT: VCT qualifying holdings: meaning of 바카라 사이트˜connected바카라 사이트™
ITA07/S993 & S1021
In ascertaining, for the purpose of applying the 바카라 사이트˜control바카라 사이트™ rule, whether a person is connected with a company ITA07/S993 should be applied. Guidance on this provision is given at CG14580 onwards, which deals with similarly worded legislation. In applying S993, which makes extensive use of the concept of control, the modification of CTA10/S450 and S451 referred to at VCM55210 should be made.
Most of the circumstances in which S993 provides for persons to be treated as connected with each other are predictable. The exception is that covered in S993(7), which provides that persons are to be regarded as connected in relation to a company if they act together to secure or exercise control of that company. The provision extends to persons acting on the direction of any of those persons. Guidance can be found at CG14622.