Section YB 14 — Income Tax Act 2007: Tripartite relationship

YB 14 Tripartite relationship Test (1) Two persons ( person A and person B ) are associated persons if— (a) person B is associated with a third person ( person C ) under any of sections YB 2 to YB 13 ; and (b) person C is associated with person A under any of sections YB 2 to YB 13 , excluding the section under which person B is associated with person C. Exception: companies tests (2) Subsection (1) does not apply if— (a) person B is associated with person C under section YB 2 ; and (b) person C is associated with person A under section YB 3 . Association for purposes of research and development tax credits (3) Subsection (1) does not apply in relation to the association of a company and a person, for the purposes of section LH 1(2) (Who this subpart applies to). Defined in this Act: associated person , company , tax credit Section YB 14: substituted, on 1 April 2010, by section 563(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section YB 14(1)(a): amended, on 1 April 2011 (applying for income years beginning on or after 1 April 2011), by section 135(1)(a) of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130). Section YB 14(1)(a): amended, on 1 April 2010, by section 120 of the Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 (2009 No 63). Section YB 14(1)(b): amended, on 1 April 2011 (applying for income years beginning on or after 1 April 2011), by section 135(1)(b) of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130). Section YB 14(1)(b): amended, on 1 April 2010, by section 120 of the Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 (2009 No 63).