Corporation Tax Act 2009 section 843

Who are connected persons

Section 843 defines which individuals and entities are treated as "connected persons" for the purposes of the related party rules governing intangible fixed assets.

• Two individuals are connected if they are spouses, civil partners, relatives, or the spouses or civil partners of each other's relatives
• A trustee of a settlement is connected with the settlor, anyone connected with the settlor, and any close company whose participators include the settlement's trustees
• A person is connected with a company if they qualify as related parties under the control and major interest tests in section 835
• For these purposes, "company" extends to any body corporate or unincorporated association, and a unit trust scheme is treated as a company with unit holders' rights treated as shares