Section YB 5 — Income Tax Act 2007: Person and trustee for relative

YB 5 Person and trustee for relative Association (1) Two persons ( person A and person B ) are associated persons if person A is the trustee of a trust under which a person associated under section YB 4 with person B has benefited or is eligible to benefit. Land provisions (2) This section does not apply for the purposes of the land provisions. Defined in this Act: associated person , land provisions , trustee Section YB 5: substituted, on 1 April 2010, by section 563(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).