Abstract
Many family companies are what the Taxes Act calls close companies. A close company, broadly, is one which is under the control of 5 or fewer of its shareholders or is under the control of those shareholders who are its directors, even if there are more than 5 of them (S.414(1), TA 1988).
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© 1989 H. C. D. Rankin and D. M. Catterall
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Rankin, H.C.D., Catterall, D.M. (1989). Close Companies. In: Corporation Tax. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19835-1_6
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DOI: https://doi.org/10.1007/978-1-349-19835-1_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-48809-6
Online ISBN: 978-1-349-19835-1
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