TTM12030 - Tonnage Tax Groups: Control

Meaning of 'associate'

‘Associate’, in relation to an individual, (per paragraph 144(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