Section 841 | “Participator” and “associate”

(1)In this Chapter “participator”, in relation to a close company, has the meaning given by section 454 of CTA 2010, except as provided in subsection (2).

(2)“Participator” does not include a person just because the person is a loan creditor of the company within the meaning given by section 453 of CTA 2010.

(3)In this Chapter “associate”, in relation to a participator in a close company, has the meaning given by section 448 of CTA 2010.