Paragraph 13C F1

(1)

If at a time when a person controlled or had significant influence over a relevant body—

(a)

the relevant body met a threshold condition, and

(b)

the relevant body, or another relevant body which the person controlled or had significant influence over, was a promoter,

the person is treated as meeting the threshold condition at the relevant time.

(2)

It does not matter whether any relevant body referred to sub-paragraph (1) exists at the relevant time.

Annotations

F1: Sch. 34 Pt. 2 paras. 13B-13D substituted (with effect in accordance with s. 24(5) of the amending Act) by Finance Act 2017 (c. 10), s. 24(2)

F1: Words in Sch. 34 heading inserted (with effect in accordance with Sch. 19 para. 9 of the amending Act) by Finance Act 2015 (c. 11), Sch. 19 para. 4(2)