# Finance Act 2014, Paragraph 5


(1) A falls within this case if—
(a) there has been a relevant transfer to A, or
(b) there has been a relevant transfer to a body corporate or partnership that A controls, or has significant influence over.
(2) For the purposes of sub-paragraph (1) “relevant transfer” means a transfer of—
(a) the whole of the business of a person carrying on business as a promoter;
(b) any part of such a business that relates to the promotion of relevant arrangements or relevant proposals;
(c) property, rights or liabilities of such a business that are connected with the promotion of relevant arrangements or relevant proposals.
(3) In sub-paragraph (2) “transfer” means any transfer in substance (whether or not the transfer is formal or for consideration, and whether or not the transfer is direct).
(4) Sub-paragraphs (5) to (11) of paragraph 13A of Schedule 34 (meaning of “control” and “significant influence”) apply to this paragraph as they apply to Part 2 of that Schedule.

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Source: https://www.legislation.gov.uk/ukpga/2014/26/schedule/33A/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-act-2014/schedule-33A/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.