Section 809EZDA — Income Tax Act 2007: Sums arising to connected persons other than companies

Sums arising to connected persons other than companies 809EZDA 1 This section applies in relation to an individual (“A”) if—

a a sum arises to a person (“B”) who is connected with A, b B is not a company, c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e the sum does not arise to A apart from this section.

2 The sum referred to in subsection (1)(a) arises to A for the purposes of this Chapter.

3 Where a sum arises to A by virtue of this section, it arises to A at the time the sum referred to in subsection (1)(a) arises to B.

4 Section 993 (meaning of “connected”) applies for the purposes of this section, but as if—

a subsection (4) of that section were omitted, and b partners in a partnership in which A is also a partner were not “associates” of A for the purposes of sections 450 and 451 of CTA 2010 (“control”).