Section 706 | Meaning of “linked” person

(1)If there is a change in the ownership of a company, a person is “linked” to the company, for the purposes of this Chapter, if condition A or B is met.

(2)Condition A is that the person had control of the company at any time in the relevant period before the change.

(3)Condition B is that the person is a company of which a person mentioned in subsection (2) had control at any time in the period of 3 years before the change.

(4)For the meaning of—

(a)“control”, see section 707, and

(b)“the relevant period”, see section 709.