Section 268 — Corporation Tax Act 2010: Meaning of “associate”

Meaning of “associate” 268 1 In this Part “ associate ”, in relation to a person, means—

a any relative or partner of that person, b the trustee or trustees of any settlement in relation to which that person, or any relative of that person (living or dead), is or was a settlor, and c if that person has an interest in any shares or obligations of a company which are subject to any trust or are part of the estate of a deceased person—

i the trustee or trustees of the settlement concerned or, as the case may be, the personal representatives of the deceased, and ii if that person is a company, any other company which has an interest in those shares or obligations.

2 In subsection (1)(a) and (b) “ relative ” means spouse or civil partner, ancestor or lineal descendant.

3 In subsection (1)(b) “ settlor ” and “ settlement ” have the same meaning as in Chapter 5 of Part 5 of ITTOIA 2005 (see section 620 of that Act).