C1Part 7Community investment tax relief
Chapter 7Supplementary and general
Definitions
381Meaning of “associate”
1
In this Part “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 that person (living or dead), is or was a settlor, and
c
if that person has an interest 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 which has an interest in those shares or obligations.
2
In subsection (1)(a) and (b) “relative” means spouse or civil partner, ancestor or lineal descendant.
3
In subsection (1)(b) “settlor” and “settlement” have the same meaning as in Chapter 5 of Part 5 of ITTOIA 2005 (see section 620 of that Act).
Pt. 7 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)