# Corporation Tax Act 2010, Paragraph 466


(1) Amend section 456 (securities issued to connected persons etc at excessive price) as follows.
(2) For subsection (7) substitute—
“(7) Chapter 2 of Part 10 of CTA 2010 (meaning of “close company”) applies for the purposes of this section but with the omission of section 442(a) (exclusion of non-UK resident companies).”
(3) In subsection (8) for “section 416 of ICTA” substitute “ sections 450 and 451 of CTA 2010 ”.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/466 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/schedule-1/paragraph-466
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.