TTM12030 - Tonnage tax groups: Control
Meaning of 'associate'
‘Associate’, in relation to an individual, (per FA00/SCH22/PARA144 (1)) means:
- a relative of that individual, or
- a partner of that individual, or
- the trustee or trustees of any settlement in relation to which:
- that individual, or
- any relative (whether living or dead) of that individual,
is or was a settlor, or
- where that individual is interested in any shares or obligations of a company that are subject to a trust, the trustee or trustees of the settlement concerned, or
- where that individual is interested in any shares or obligations of a company that are part of the estate of a deceased person, the personal representatives of the deceased.
References
FA00/SCH22/PARA144 (1) (meaning of ‘associate’) | TTM17796 |
Control by an individual | TTM12020 |
Meaning of ‘relative’ | TTM12040 |
Meaning of ‘settlement’ and ‘settlor’ | TTM12060 |