# Corporation Tax Act 2010, Section 1061: Associated persons: personal representatives


(1) If shares in a company are comprised in the estate of a person who has died then, in relation to the company—
(a) the deceased's personal representatives are associates of any person who is or may become beneficially entitled to a significant interest in the shares, and
(b) any such person is an associate of the personal representatives.
(2) For the purposes of subsection (1) a person's interest is significant if its value is greater than 5% of the value of all the property comprised in the estate concerned, excluding any property in which the person is not and cannot become beneficially entitled to an interest.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/1061 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-1061
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.