# Finance Act 2009, Paragraph 7


(1) Section 809M (meaning of “relevant person” for purposes of sections 809L, 809N and 809O) is amended as follows.
(2) In subsection (2)(e), insert at the end “or a company which is a 51% subsidiary of such a close company”.
(3) In subsection (3), after paragraph (c) insert—
“(ca) “participator”, in relation to a close company, means a person who is a participator in relation to the company for the purposes of section 419 of ICTA (see sections 417(1) and 419(7) of that Act),
(cb) “51% subsidiary” has the same meaning as in the Corporation Tax Acts (see section 838 of ICTA),”.

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Source: https://www.legislation.gov.uk/ukpga/2009/10/schedule/27/paragraph/7 (the official version)
Page: https://openlegislation.uk/finance-act-2009/schedule-27/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.