Section 809M — Finance Act 2008: Meaning of “relevant person”

Meaning of “relevant person” 809M 1 This section applies for the purposes of sections 809L, 809N and 809O.

2 A “ relevant person ” is—

a the individual, b the individual's husband or wife, c the individual's civil partner, d a child or grandchild of a person falling within any of paragraphs (a) to (c), if the child or grandchild has not reached the age of 18, e a close company in which a person falling within any other paragraph of this subsection is a participator, f a company in which a person falling within any other paragraph of this subsection is a participator, and which would be a close company if it were resident in the United Kingdom, g the trustees of a settlement of which a person falling within any other paragraph of this subsection is a beneficiary, or h a body connected with such a settlement.

3 For that purpose—

a a man and woman living together as husband and wife are treated as if they were husband and wife, b two people of the same sex living together as if they were civil partners of each other are treated as if they were civil partners of each other, c “ close company ” has the same meaning as in the Corporation Tax Acts (see sections 414 and 415 of ICTA),

d “ settlement ” and “ settlor ” have the same meaning as in Chapter 2 of Part 9, e “ beneficiary ”, in relation to a settlement, means any person who receives, or may receive, any benefit under or by virtue of the settlement, f “ trustee ” has the same meaning as in section 993 (see, in particular, section 994(3)),

and g a body is “connected with” a settlement if the body falls within section 993(3)(c), (d), (e) or (f) as regards the settlement.