# Income Tax Act 2007, Section 719A: Other definitions


In this Chapter—
“closely-held company” means—
(a)a close company for the purposes of the Corporation Tax Acts (see Part 10 of CTA 2010), or
(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—
(a)who possesses any rights or powers on behalf of the individual, or
(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.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/719A (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-719A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.