SCHEDULES
C1SCHEDULE 16Community investment tax relief
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).
Sch. 16 modified by 2005 c. 7, s. 54A (as inserted (10.7.2008) by The Alternative Finance Arrangements (Community Investment Tax Relief) Order 2008 (S.I. 2008/1821), arts. 1, 2)