Income Tax Act 2007 section 809BZO

Exceptions: relevant person

Section 809BZO defines who counts as a "relevant person" for the purposes of the exceptions to the finance arrangements anti-avoidance rules.

For Type 1 finance arrangements, the borrower, anyone connected with the borrower, and any partnership member (where the borrower is a partnership) are all relevant persons
For Type 2 finance arrangements, the transferor is a relevant person
For Type 3 finance arrangements, a relevant member (as defined in those provisions) is a relevant person
Persons connected with the borrower include at least all those who meet the standard statutory definition of "connected persons"

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