Close Company Clause Samples
Close Company. The Company is and has since incorporation been a close company as defined in section 414 ICTA and is not and has at no time been a close investment holding company as defined in section 13A ICTA. No distribution within section 418 ICTA has been made or agreed to be made by the Company and no loans or payments within section 419 420 or 422 ICTA have been made or agreed to be made by the Company since incorporation.
Close Company. 8.9.1 The Company is a close company for Taxation purposes.
8.9.2 The Company has no loan outstanding to which the provisions of sections 419 and 420 Taxes Act would apply.
8.9.3 The Company has not held and does not hold shares in a company not being another member of a group of companies (including the Company) as defined in section 170 TCGA which has made any such transfer as was referred to in section 125 TCGA.
8.9.4 The Company has not made any transfers of value within section 94 IHTA.
Close Company. The Company has at all times been a close company as defined by Sections 414 and 415 T.A. but has not in any accounting period beginning after 31 March 1989 been a close investment-holding company as defined in Section 13A T.A. No distribution within the meaning of Section 418 T.A. has been made by the Company; since the Accounts Date any outstanding loans or advances made or agreed to be made by the Company within Sections 419 and 420 or 422 T.A. have been disclosed in the Disclosure Letter and the Company has not released or written off or agreed to release or write off the whole or any part of any such loans or advances.
Close Company. 37.1 The Company is not nor has it ever been a close company as defined in ICTA 1988.
37.2 The Company has no loan outstanding to which the provisions of section 419 ICTA 1988 would apply (loans to participators etc.).
37.3 The Company is a close investment-holding company as defined in section 13A ICTA 1988.
Close Company. 8.1 The Company is not nor has it at any time been a close company (within the meaning of section 439 CTA 2010) in respect of any accounting period.
Close Company. 1.3.1 The Company is not a close investment holding company for the purposes of section 34 CTA 2010.
1.3.2 The Company has not made any loan to any participator or associate for the purposes of sections 455, 459 or 460 CTA 2010 or provided any payment or benefit to a participator which has or could be treated as a distribution within the meaning of section 1064 CTA 2010.
Close Company. Each UK Group Company is a close company for the purposes of United Kingdom Tax but no UK Group Company:-
Close Company. 8.1 No Group Company is or ever has been a close investment holding company for the purposes of section 34 CTA 2010.
8.2 If any Group Company is a close company, it has not made any loan to any participator or any associate for the purposes of sections 455, 459 or 460 CTA 2010 or provided any payment or benefit to a participator which has or could be treated as a distribution for the purposes of section 1064 CTA 2010 within the last three years.
Close Company. The Company is not and has not been within the last six years a close company within s.414 Taxes A▇▇ ▇▇▇▇.
Close Company. 9.1. The Company is a close company (within the meaning of section 414 ICTA 1988) and has never made or been deemed to have made a distribution for the purposes of Part XI of ICTA 1988 except for dividends shown in its statutory accounts.