(1) This section defines “associate” for the purposes of section 1151 (valuation: independence requirement).
(2) In relation to an individual, “associate” means—
(a) that individual's spouse or civil partner or minor child or step-child,
(b) any body corporate of which that individual is a director, and
(c) any employee or partner of that individual.
(3) In relation to a body corporate, “associate” means—
(a) any body corporate of which that body is a director,
(b) any body corporate in the same group as that body, and
(c) any employee or partner of that body or of any body corporate in the
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