# Finance Act 2014, Paragraph 20


(1) A relevant body is treated as meeting a section 237A condition at the section 237A(2) relevant time if any of Conditions A to C is met.
(2) Condition A is that—
(a) a person met the section 237A condition at a time when the person was a promoter, and
(b) the person controls or has significant influence over the relevant body at the section 237A(2) relevant time.
(3) Condition B is that—
(a) a person met the section 237A condition at a time when the person controlled or had significant influence over the relevant body,
(b) the relevant body was a promoter at that time, and
(c) the person controls or has significant influence over the relevant body at the section 237A(2) relevant time.
(4) Condition C is that—
(a) two or more persons together controlled or had significant influence over the relevant body at a time when one of those persons met the section 237A condition,
(b) the relevant body was a promoter at that time, and
(c) those persons together control or have significant influence over the relevant body at the section 237A(2) relevant time.
(5) Sub-paragraph (1) does not apply where the person referred to in sub-paragraph (2)(a), (3)(a), or (4)(a) as meeting a section 237A condition is an individual.
(6) For the purposes of sub-paragraph (2) it does not matter whether the relevant body existed at the time referred to in sub-paragraph (2)(a).

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Source: https://www.legislation.gov.uk/ukpga/2014/26/schedule/34A/paragraph/20 (the official version)
Page: https://openlegislation.uk/finance-act-2014/schedule-34A/paragraph-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.