C1C2C3C4Part 4Transfer pricing
Pt. 4 excluded (1.10.2011) by Postal Services Act 2011 (c. 5), s. 93(2)(3), Sch. 2 para. 6(2); S.I. 2011/2329, art. 3
Pt. 4 excluded (1.4.2012) by Budget Responsibility and National Audit Act 2011 (c. 4), s. 29, Sch. 4 para. 3(2); S.I. 2011/2576, art. 5
Pt. 4 excluded (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 129(11) (with s. 147, Sch. 17)
CHAPTER 2Key interpretative provisions
“Indirect participation” in management, control or capital of a person
C5163Meaning of “connected” in section 159
1
Subsections (2) and (3) apply for the purposes of section 159 and this section.
2
Two persons are connected with each other if one of them is an individual and the other is—
a
the individual's spouse or civil partner,
b
a relative of the individual,
c
a relative of the individual's spouse or civil partner, or
d
the spouse, or civil partner, of a person within paragraph (b) or (c).
3
Two persons are connected with each other if one of them is a trustee of a settlement and the other is—
a
a person who in relation to that settlement is a settlor, or
b
a person who is connected with a person within paragraph (a).
4
In this section—
“relative” means brother, sister, ancestor or lineal descendant, and
“settlement” and “settlor” have the same meaning as in section 620 of ITTOIA 2005.
Pt. 4 excluded by 2010 c. 4, s. 938N (as inserted (19.7.2011) by Finance Act 2011 (c. 11), Sch. 5 para. 2)