# Corporation Tax Act 2009, Section 411: Interpretation of section 409

Extent: E+W+S+N.I.

(1) Section 472 (meaning of “control”) applies for the purposes of section 409 and this section.
(2) A person who is a participator in a company which controls another company is treated for the purposes of section 409 as being a participator in that other company also.
(3) Subject to that, in section 409 and this section “participator”, in relation to a company, means a person who is a participator in the company within the meaning given by section 454 of CTA 2010, but not a person who is such a participator just because of being a loan creditor of the company.
(4) In determining whether a person who carries on the trade of banking is a participator in a company for the purposes of section 409 and this section, securities of the company acquired by the person in the ordinary course of the person's business are ignored.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/411 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-411
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.