395 Meaning of “associate” in section 394
Income Tax Act 2007 (2007 c 3) | Legislation

395  Meaning of “associate” in section 394

(1)     For the purposes of determining under section 394 whether an individual has a material interest in a company, in that section “associate”, in relation to that individual and company, means—

(a)     a relative or partner of the individual,

(b)     the trustees of a settlement in relation to which—

(i)     the individual is a settlor, or

(ii)     a relative of the individual (living or dead) is or was a settlor,

(c)     if the individual is interested in any shares or obligations

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