{
  "url": "https://openlegislation.uk/finance-act-2022/schedule-2/paragraph-40",
  "json_url": "https://openlegislation.uk/finance-act-2022/schedule-2/paragraph-40.json",
  "legislation": "ukpga/2022/3",
  "legislation_title": "Finance Act 2022",
  "legislation_url": "https://openlegislation.uk/finance-act-2022",
  "path": "schedule/2/paragraph/40",
  "kind": "paragraph",
  "number": "40",
  "heading": "Transfer pricing: participation condition always met for investors in a QAHC etc",
  "text": "(1) For the purposes of section 147(1) of TIOPA 2010 (basic pre-condition), where the affected persons are—\n(a) a QAHC, and\n(b) a person with a sufficient connection to the QAHC,\nthe participation condition in section 148 of that Act is treated as met.\n(2) An affected person (“A”) has a sufficient connection to the QAHC if—\n(a) A has a relevant interest in the QAHC or in an enhanced class of the QAHC, or\n(b) any of the persons with such an interest has a relationship with A such that the participation condition in that section would have been met had the affected persons been A and that person (instead of A and the QAHC).\n(3) In this paragraph, and in paragraph 41, “affected person” is to be construed in accordance with Part 4 of that Act.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2022/3/schedule/2/paragraph/40",
    "retrieved_at": "2026-10-29T08:57:50.927298+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}