Version Superseded: 12/02/2019
Point in time view as at 15/09/2016.
Taxation of Chargeable Gains Act 1992, Paragraph 8 is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
[F18(1)This paragraph applies for the purposes of paragraph 7.U.K.
(2)If a person—
(a)possesses any rights or powers on behalf of another person (“A”), or
(b)may be required to exercise any rights or powers on A's direction or on A's behalf,
those rights or powers are to be attributed to A.
(3)There are also to be attributed to P all the rights and powers of any associate of P (including rights and powers exercisable jointly by any two or more associates of P).
(4)In this paragraph “associate”, in relation to P, means—
(a)any relative of P,
(b)the trustees of any settlement in relation to which P is a settlor, and
(c)the trustees of any settlement in relation to which any relative of P (living or dead) is or was a settlor.
(5)In this paragraph “relative” means—
(a)a spouse or civil partner,
(b)a parent or remoter forebear,
(c)a child or remoter issue, or
(d)a brother or sister.]
Textual Amendments
F1Sch. C1 inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by Finance Act 2015 (c. 11), Sch. 7 para. 37
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