Section 809BZO — Income Tax Act 2007: Exceptions: relevant person

Exceptions: relevant person 809BZO 1 This section defines a relevant person for the purposes of section 809BZN.

2 If (apart from sections 809BZN and 809BZP) sections 809BZA to 809BZE 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 809BZN and 809BZP) sections 809BZF to 809BZI would apply, the transferor is a relevant person.

4 If (apart from sections 809BZN and 809BZP) sections 809BZJ to 809BZL 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 993 (meaning of “connected”) are connected with the borrower.