# Income Tax (Trading and Other Income) Act 2005, Section 783AQ: Exclusion from relief: payments by close company


(1) No relief under this Chapter is given to an individual for a tax year if—
(a) the individual has relevant income for the tax year, and
(b) the income includes a payment made by, or on behalf of, a close company at a time when the individual is—
(i) a participator in the close company, or
(ii) an associate of a participator in the close company.
(2) In this section “associate” and “participator” have the same meanings as in Part 10 of CTA 2010 (see sections 448 and 454).

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/783AQ (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-783AQ
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.