VCM50370 - CVS - investors and reliefs: Material interest - connected persons and associates

FA00/SCH15/PARA7 (1) & (5)(b)

For the purposes of calculating whether the interest of the investing company is at any time a material interest there are to be attributed to the company:

• the interests of any persons connected with the company, and
• the interests of any persons who are associates of the company.

Note that throughout Schedule 15 “connected” has the meaning given in ICTA88/S839 (see CG14580 onwards, which deals with similarly worded legislation), and “associate” has the meaning given in ICTA88/S417 (see CTM60150).