Commentary on Sections Example 3 Ne = £5,000; Da = 183; De = 183; Smg = 0 Section 548: Minor definitions
2208.This section contains the definitions used in this Chapter and mainly derives from section 68(5) of FA 1988. That legislation does not define “director” (except to include prospective and former directors) or “shares”. The definitions introduced here are discussed in Change 132 in Annex 1.