Taxes Consolidation Act 1997 Schedule 9 paragraph 8

Information

Schedule 9, paragraph 8 requires the registered holder of shares or securities to disclose, on request from an inspector, whether they are the beneficial owner and, if not, to identify the true owner.

• An inspector may serve a written notice on any person in whose name shares or securities of a company are registered.
• That person must state whether or not they are the beneficial owner of those shares or securities.
• If they are not the beneficial owner, they must provide the name and address of the person on whose behalf the shares or securities are held.
• The power supports the anti-avoidance provisions in sections 401 and 679(4), which deal with the transfer of rights to receive income and settlements on children.