Income Tax Act 2007 section 681BL

Linked persons

Section 681BL defines who counts as a "person linked to L" for the purposes of the sale and lease-back provisions in this Chapter.

  • A person is linked to L if they are a partner of L in a business partnership.
  • A person is linked to L if they are an associate of L, as defined by section 681DL.
  • A person is linked to L if they are an associate of one of L's partners.
  • The term "associate" covers relatives, beneficiaries of settlements, persons controlling companies, joint owners, and similar connected parties.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.

Become a member