# Corporation Tax Act 2010, Paragraph 232


In section 125(6) (shares in close company transferring assets at an undervalue)—
(a) in the definition of “associate” for “section 417 of the Taxes Act” substitute “ section 448 of CTA 2010 ”, and
(b) in the definition of “participator” for “section 417 of the Taxes Act” substitute “ section 454 of CTA 2010 ”.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/232 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/schedule-1/paragraph-232
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.