Section YB 3 — Income Tax Act 2007: Company and person other than company

YB 3 Company and person other than company Company and 25% voting interest holder (1) A company and a person other than a company are associated persons if the person has a voting interest in the company of 25% or more. Company and 25% market value interest holder (2) A company and a person other than a company are associated persons if— (a) a market value circumstance exists for the company; and (b) the person has a market value interest in the company of 25% or more. General aggregation rule (3) For the purposes of subsections (1) and (2), if a person ( person A ) and another person ( person B ) are associated under any of sections YB 4 to YB 14 , person A is treated as holding anything held by person B. Aggregation rule for land provisions (4) For the purposes of subsections (1) and (2), if a person ( person A ) and another person ( person B ) are associated under any of sections YB 4(1)(b) and (2) to (4) , YB 7 , YB 8 , and YB 10 to YB 14 , person A is treated as holding anything held by person B. Person other than company (5) In this section, a person other than a company includes a company acting in its capacity as a trustee of a trust. Defined in this Act: associated person , company , land provisions , market value circumstance , market value interest , voting interest Section YB 3: substituted, on 1 April 2010, by section 563(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).