Section 448 — Corporation Tax Act 2010: “Associate”

“Associate” 448 1 In this Part “ associate ”, in relation to a person (“P”), means—

a any relative or partner of P, b the trustees of any settlement in relation to which P is a settlor, c the trustees of any settlement in relation to which any relative of P (living or dead) is or was a settlor, d if P has an interest in any shares or obligations of a company which are subject to any trust, the trustees of any settlement concerned, e if P—

i is a company, and ii has an interest in any shares or obligations of a company which are subject to any trust, any other company which has an interest in those shares or obligations, f if P has an interest in any shares or obligations of a company which are part of the estate of a deceased person, the personal representatives of the deceased, or g if P—

i is a company, and ii has an interest in any shares or obligations of a company which are part of the estate of a deceased person, any other company which has an interest in those shares or obligations.

2 In this section, “ relative ” means—

a a spouse or civil partner, b a parent or remoter forebear, c a child or remoter issue, or d a brother or sister.