# Finance Act 2025, Paragraph 14: Flow-through entities

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

In section 169 (certain non tax resident entities to be treated as flow-through entities), in subsection (2)—
(a) in the words before paragraph (a), after “created” insert “in”;
(b) in paragraph (a)—
(i) after “is” insert “regarded as”;
(ii) for “its owners” substitute “holders of direct ownership interests in the member”.

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Source: https://www.legislation.gov.uk/ukpga/2025/8/schedule/4/paragraph/14 (the official version)
Page: https://openlegislation.uk/finance-act-2025/schedule-4/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.