Related Commentary  Related HMRC Manuals

707(1)  This section applies for the purposes of this Chapter.

707(2)  A person (“P”) is treated as having control of a company (“C”) if P–

(a)exercises,

(b)is able to exercise, or

(c)is entitled to acquire,

direct or indirect control over C's affairs.

707(3)  In particular, P is treated as having control of C if P possesses or is entitled to acquire–

(a)50% of the share capital or issued share capital of C,

(b)50% of the voting power in C,

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