Section 719A Other definitionsF1

In this Chapter—

• “closely-held company” means—

  1. (a)

     a close company for the purposes of the Corporation Tax Acts (see Part 10 of CTA 2010), or

  2. (b)

     a company that would be a close company if section 442(a) of CTA 2010 were ignored (non-UK resident company not to be treated as close);

• “nominee”, in relation to an individual, means a person—

  1. (a)

     who possesses any rights or powers on behalf of the individual, or

  2. (b)

     who may be required to exercise any rights or powers on the individual’s direction or behalf;

• “participator” is to be construed in accordance with section 454 of CTA 2010.