Related Commentary  Related HMRC Manuals

838(1)  This section provides for a person (“A”) to be treated as having rights and powers where A's rights or powers are relevant in determining if a person–

(a)has control of a company, or

(b)has a major interest in a company.

838(2)  A is treated as having rights and powers that A–

(a)is entitled to acquire at a future date, or

(b)will, at a future date, become entitled to acquire.

838(3)  A is treated as having rights and powers of other persons, so far as they are required or may be required to be exercised in any one or more of the following ways–

(a)on A's behalf,

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