Version Superseded: 01/04/2010
Point in time view as at 19/03/1997.
There are currently no known outstanding effects for the Finance Act 1997, Cross Heading: Connected persons.
25(1)If a person is connected with another at some time during the period which—U.K.
(a)begins at the earliest time at which any of the leasing arrangements were made, and
(b)ends when the current lessor finally ceases to have an interest in the asset or any arrangements relating to it,
he shall be treated for the purposes of this Schedule, in its application in consequence of those leasing arrangements, as being connected with that other throughout that period.
(2)Section 839 of the Taxes Act 1988 shall apply for the purposes of this Schedule.
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