C1C4C3C5C7C2C6Part 8Intangible fixed assets
Pt. 8 modified (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 601, 1184(1) (with Sch. 2)
Pt. 8 modified (1.10.2011) by Postal Services Act 2011 (c. 5), s. 93(2)(3), Sch. 2 para. 6(1); S.I. 2011/2329, art. 3
Pt. 8 modified (15.11.2011 for specified purposes, 30.3.2012 for E.W.) by Localism Act 2011 (c. 20), ss., 240(5)(o), Sch. 24 para. 1(3); S.I. 2012/628, art. 3(b)
Pt. 8 modified (1.4.2012) by Budget Responsibility and National Audit Act 2011 (c. 4), s. 29, Sch. 4 para. 3(1); S.I. 2011/2576, art. 5
Pt. 8 modified (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 88(1)(2)(7) (with s. 147, Sch. 17)
Pt. 8 modified (6.4.2020) by Finance Act 2019 (c. 1), Sch. 5 paras. 35, 45 (with Sch. 5 para. 36)
Chapter 12Related parties
Connected persons
842Introduction
1
Section 843 explains what is meant in this Chapter when a person is referred to as being connected with another person.
2
If that section provides that one person (“A”) is connected with another person (“B”), B is connected with A too.
3
In that section—
“relative” means brother, sister, ancestor or lineal descendant, and
“settlement” and “settlor” have the same meaning as in Chapter 5 of Part 5 of ITTOIA (see section 620 of that Act).
843Who are connected persons
1
An individual (“A”) is connected with another individual (“B”) if—
a
A is B's spouse or civil partner,
b
A is a relative of B,
c
A is the spouse or civil partner of a relative of B,
d
A is a relative of B's spouse or civil partner, or
e
A is the spouse or civil partner of a relative of B's spouse or civil partner.
2
A person in the capacity of a trustee of a settlement is connected with—
a
any individual who is a settlor in relation to the settlement,
b
any person connected with such an individual, and
c
any body corporate that is connected with the settlement.
3
For the purposes of subsection (2) a body corporate is connected with a settlement if—
a
it is a close company (or not a close company only because it is not UK resident) and the participators include the trustees of the settlement, or
b
it is controlled by a company within paragraph (a).
4
A person is connected with a company if they are related parties because of section 835(2) or (3).
5
For the purposes of subsection (4) and for the purposes of section 835 as it applies for the purposes of subsection (4)—
a
“company” includes any body corporate or unincorporated association, but does not include a firm, and
b
a unit trust scheme is treated as if it were a company and as if the rights of the unit holders were shares in the company.
Pt. 8 modified (1.1.2010) by Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227), regs. 1, 6(1)