{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-448",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-448.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/448",
  "kind": "section",
  "number": "448",
  "heading": "“Associate”",
  "text": "(1) In this Part “associate”, in relation to a person (“P”), means—\n(a) any relative or partner of P,\n(b) the trustees of any settlement in relation to which P is a settlor,\n(c) the trustees of any settlement in relation to which any relative of P (living or dead) is or was a settlor,\n(d) if P has an interest in any shares or obligations of a company which are subject to any trust, the trustees of any settlement concerned,\n(e) if P—\n(i) is a company, and\n(ii) has an interest in any shares or obligations of a company which are subject to any trust,\nany other company which has an interest in those shares or obligations,\n(f) if P has an interest in any shares or obligations of a company which are part of the estate of a deceased person, the personal representatives of the deceased, or\n(g) if P—\n(i) is a company, and\n(ii) has an interest in any shares or obligations of a company which are part of the estate of a deceased person,\nany other company which has an interest in those shares or obligations.\n(2) In this section, “relative” means—\n(a) a spouse or civil partner,\n(b) a parent or remoter forebear,\n(c) a child or remoter issue, or\n(d) a brother or sister.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "Pt. 10 Ch. 2 applied (with modifications) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 376(1) (as amended by 2010 c. 4, s. 1184(1), Sch. 1 para. 610(2) (with Sch. 2))"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "Pt. 10 Ch. 2 applied (with modifications) (with effect in accordance with s. 1184(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 456(7) (as substituted by 2010 c. 4, s. 1184(1), Sch. 1 para. 466(2) (with Sch. 2))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/448",
    "retrieved_at": "2026-10-29T09:10:29.433154+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}