# Finance Act 2003, Paragraph 8: Meaning of “close company”


(1) For the purposes of this Schedule, a company is a “close company” if it is a close company within the meaning given by Chapter 2 of Part 10 of CTA 2010 (basic definitions), applying that Chapter subject to the following modifications.
(2) Section 444 (companies involved with close companies) applies as if condition A in that section were omitted.
(3) Section 446 (particular types of quoted company not treated as close) is treated as omitted.

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/9A/paragraph/8 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-9A/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.