Section 9 — Control of assets
This version in force from 2022-01-04
Snapshot: 2026-08-24
Reproduced from legislation.gov.uk (Crown Copyright, Open Government Licence v3.0). Amendments made after 2026-08-24 may not be reflected — always check the official text .
(1) For the purposes of this Act, a person gains control of a qualifying asset if the person acquires a right or interest in, or in relation to, the asset and as a result the person is able—
(a) to use the asset, or use it to a greater extent than prior to the acquisition, or
(b) to direct or control how the asset is used, or direct or control how it is used to a greater extent than prior to the acquisition.
(2) In this section, references to the use of an asset include references to its exploitation, alteration, manipulation, disposal or destruction.