# Corporation Tax Act 2010, Section 448: “Associate”


(1) In this Part “associate”, in relation to a person (“P”), means—
(a) any relative or partner of P,
(b) the trustees of any settlement in relation to which P is a settlor,
(c) the trustees of any settlement in relation to which any relative of P (living or dead) is or was a settlor,
(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,
(e) if P—
(i) is a company, and
(ii) has an interest in any shares or obligations of a company which are subject to any trust,
any other company which has an interest in those shares or obligations,
(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
(g) if P—
(i) is a company, and
(ii) has an interest in any shares or obligations of a company which are part of the estate of a deceased person,
any other company which has an interest in those shares or obligations.
(2) In this section, “relative” means—
(a) a spouse or civil partner,
(b) a parent or remoter forebear,
(c) a child or remoter issue, or
(d) a brother or sister.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/448 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-448
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.