PMA: Anti-avoidance: Extended meaning of connected persons
In the anti-avoidance legislation there is an extended meaning of connected person. As usual a person is connected with another if they are connected under s575 CA11630.
An asset may be transferred between public authorities without being sold, for example as part of a reorganisation. If the asset is or has been leased under a finance lease the public authorities are treated as connected persons for the purposes of the anti-avoidance legislation.