# Taxation (International and Other Provisions) Act 2010, Section 259NC: Related persons

Extent: E+W+S+N.I.

(1) Two persons are “related” on any day that—
(a) they are in the same control group (see section 259NB), or
(b) the 25% investment condition is met in relation to them.
(2) The 25% investment condition is met in relation to a person (“A”) and another person (“B”) if—
(a) A has a 25% investment in B, or
(b) a third person has a 25% investment in each of A and B.
(3) Section 259ND applies for the purposes of determining whether a person has a “25% investment” in another person.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/section/259NC (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-259NC
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.