Part 19Sale and lease-back etc
Chapter 4Leased assets: capital sums
Interpretation
882Associates
1
This section applies for the purposes of this Chapter.
2
Persons are associates if they are associated with each other.
3
The following are associated with each other—
a
an individual and the individual's spouse or civil partner or relative,
b
an individual and a spouse or civil partner of a relative of the individual,
c
an individual and a relative of the individual's spouse or civil partner,
d
an individual and a spouse or civil partner of a relative of the individual's spouse or civil partner.
4
The following are associated with each other—
a
a person as trustee of a settlement and an individual who (in relation to the settlement) is a settlor,
b
a person as trustee of a settlement and a person associated with an individual who (in relation to the settlement) is a settlor.
5
The following are associated with each other—
a
a person and a body of persons of which the person has control,
b
a person and a body of persons of which persons associated with the person have control,
c
a person and a body of persons of which the person and persons associated with the person have control,
d
two or more bodies of persons associated with the same person under paragraphs (a) to (c).
6
In relation to a disposal by joint owners, the joint owners and any person associated with any of them are associated with each other.
7
For the purposes of this section—
a
a relative is a brother, sister, ancestor or lineal descendant,
b
a body of persons includes a partnership, and
c
“settlement” and “settlor” have the meanings given by section 620 of ITTOIA 2005.