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Legislation
Corporation Tax Act 2010

Crossheading Meaning of other expressions in this Part

  • Section 448 “Associate”
  • Section 449 “Associated company”
  • Section 450 “Control”
  • Section 451 Section 450: rights to be attributed etc
  • Section 452 “Director”
  • Section 453 “Loan creditor”
  • Section 454 “Participator”
  1. Meaning of other expressions in this Part
  2. “Director”

Section 452 | “Director”

From legislation.gov.uk

(1)In this Part, “director”, in relation to a company, includes—

(a)a person occupying the position of director of the company, by whatever name called,

(b)a person in accordance with whose directions or instructions the directors of the company are accustomed to act, and

(c)a person within subsection (2).

(2)A person (P) is within this subsection if P—

(a)is a manager of the company or otherwise concerned in the management of the company's trade or business, and

(b)is—

(i)the beneficial owner of, or

(ii)directly or indirectly able to control,

at least 20% of the ordinary share capital of the company.

(3)For the purposes of subsection (2)(b), P is treated as owning or controlling (as the case may be) what any associate of P owns or controls.

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