Substantial Interest

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....r with or without a further right to participate in profits) carrying not less than 20% of the voting power are, at any time during the tax year, owned beneficially by such person or partly by such person and partly by one or more of the other related persons; or (ii) in the case of any other concern, if such person is entitled, or such person and one or more of the other related persons are en....

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....al interest in the company", in relation to a company, means a person who is the beneficial owner of shares, not being shares entitled to a fixed rate of dividend whether with or without a right to participate in profits, carrying not less than twenty per cent of the voting power. Explanation 3 - section 13  For the purposes of this section, a person shall be deemed to have a ....