Section 221(4)

Where the payment in question is one to which section 218 or 219 applies (payment in connection with transfer of undertaking, property or shares), the conditions are that the other payment was (or is) paid in connection with the same transfer— to the director to whom the payment in question was made, and by the company making the payment or any of its subsidiaries.

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Source: legislation.gov.uk · retrieved 2026-09-04