SCHEDULES

C1SCHEDULE 16Community investment tax relief

Annotations:
Modifications etc. (not altering text)

Part 8Supplementary and general

I150Meaning of “associate"

1

In this Schedule “associate”, in relation to a person, means—

a

any relative or partner of that person,

b

the trustee or trustees of any settlement in relation to which that person, or any relative of his (living or dead), is or was a settlor, and

c

where that person is interested in any shares or obligations of a company which are subject to any trust or are part of the estate of a deceased person—

i

the trustee or trustees of the settlement concerned or, as the case may be, the personal representatives of the deceased, and

ii

if that person is a company, any other company interested in those shares or obligations.

2

In sub-paragraph (1)(a) and (b) “relative” means F2spouse or civil partner, parent or remoter forebear or child or remoter issue.

3

In sub-paragraph (1)(b) “settlor” and “settlement” have the same meaning as in F1Chapter 5 of Part 5 of the Income Tax (Trading and Other Income) Act 2005 (see section 620 of that Act).