Section 772 — Corporation Tax Act 2010: Exceptions: relevant person

Exceptions: relevant person 772 1 This section defines a relevant person for the purposes of section 771.

2 If (apart from sections 771 and 773) sections 758 to 762 would apply, each of the following is a relevant person—

a the borrower, and b a person connected with the borrower or (if the borrower is a partnership) a member of the partnership.

3 If (apart from sections 771 and 773) sections 763 to 766 would apply, the transferor is a relevant person.

4 If (apart from sections 771 and 773) sections 767 to 769 would apply, a relevant member as there defined is a relevant person.

5 For the purposes of subsection (2)(b) the persons connected with the borrower include any persons who under section 1122 (meaning of “connected”) are connected with the borrower.