# Finance Act 2022, Paragraph 40: Transfer pricing: participation condition always met for investors in a QAHC etc

Extent: E+W+S+N.I.

(1) For the purposes of section 147(1) of TIOPA 2010 (basic pre-condition), where the affected persons are—
(a) a QAHC, and
(b) a person with a sufficient connection to the QAHC,
the participation condition in section 148 of that Act is treated as met.
(2) An affected person (“A”) has a sufficient connection to the QAHC if—
(a) A has a relevant interest in the QAHC or in an enhanced class of the QAHC, or
(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).
(3) In this paragraph, and in paragraph 41, “affected person” is to be construed in accordance with Part 4 of that Act.

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Source: https://www.legislation.gov.uk/ukpga/2022/3/schedule/2/paragraph/40 (the official version)
Page: https://openlegislation.uk/finance-act-2022/schedule-2/paragraph-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.