Close Company definition

Close Company means a company within the meaning of the Corporation Tax Acts which is (or would be if resident in the United Kingdom) a close company for the purposes of those Acts;

Close Company means a close company as defined in Paragraph 37 of Schedule 4 to ITEPA;

Close Company means a company which is registered as a close company in accordance with Part XIX;

Examples of Close Company in a sentence

• An Option may not be exercised if the Option Holder then has, or has had within the preceding twelve months, a Material Interest in a Close Company which is the Company or which is a company which has Control of the Company or which is a member of a Consortium which owns the Company.

• An Option may not be exercised if the Participant then has, or has had within the preceding twelve months, a Material Interest in a Close Company which is the Company or which is a company which has Control of the Company or which is a member of a Consortium which owns the Company.

• An Option may not be exercised if the Optionee then has, or has had within the preceding twelve months, a Material Interest in a Close Company which is the Company or which is a company which has Control of the Company or which is a member of a Consortium which owns the Company.

• An Option may not be exercised at any time when a Participant has, or within the preceding 12 months has had, a Material Interest in a Close Company which is the Company, any company which has Control of the Company or a Member of a Consortium which owns the Company.

• An Option shall not be granted to any person at any time when he has or has within the preceding 12 months had, a Material Interest in a Close Company being either the Company or a company which has Control of the Company or is a member of a consortium which owns such a company.

More Definitions of Close Company

Close Company means a company under the control of five or fewer participators, or of participators who are directors. Please refer to section 430 TCA for a complete definition.

Close Company the same meaning as in section 414 of ICTA 1988

Close Company broadly means a company that is privately owned and controlled by five or fewer individuals.

Close Company has the meaning given by Section 414 of the Taxes Act;

Close Company means a company within the meaning of the Income and Corporation Taxes Act 1988 which is (or would be if resident in the United Kingdom) a close company for the purposes of that Act;

Close Company means a close company as defined in Section 989 of the Income Tax Act 2007

Close Company means a company under the control of 5 or fewer participators, or of participators who are directors, but does not include—