TTM12030 - Tonnage tax groups: Control

Meaning of ‘associate’

‘Associate’, in relation to an individual, (per FA00/SCH22/PARA144 (1)) means:
 

• a relative of that individual, or
• a partner of that individual, or

• the trustee or trustees of any settlement in relation to which-

  • that individual, or
  • any relative (whether living or dead) of that individual,

is or was a settlor, or

• where that individual is interested in any shares or obligations of a company that are subject to a trust, the trustee or trustees of the settlement concerned, or
• where that individual is interested in any shares or obligations of a company that are part of the estate of a deceased person, the personal representatives of the deceased.

References

FA00/SCH22/PARA144(1) (meaning of ‘associate’)	TTM17796
Control by an individual	TTM12020
Meaning of ‘relative’	TTM12040
Meaning of ‘settlement’ and ‘settlor’	TTM12060