OT15580 - PRT: Tariff and Disposal Receipts

Connected Persons, OTA83/S15(4)

The term, ‘connected person’, has the same meaning throughout OTA83 and uses the definition in ICTA88/S839.

In relation to tariff and disposal receipts, the term is relevant to the following:

• OTA83/SCH2/PARA2, consideration received by connected persons under avoidance schemes, see OT15400
• OTA83/SCH2/PARA5, limit to tariff and disposal receipts where transaction between connected persons or not at arm’s length, see OT15450
• OTA83/SCH2/PARA11, use by connected person, see OT15500
• OTA83/SCH2/PARA12, purchase of oil at place of extraction, see OT15540.

With regard to the application of this definition to the ‘brought-in’ asset rules, see OT11700.