Commentary

B3.108B Capital allowances―connected persons

Business tax
Business tax | Commentary

B3.108B Capital allowances―connected persons

Business tax | Commentary

B3.108B Capital allowances―connected persons

For the purposes of the computation of capital allowances, 'connected persons' has the following meaning1:

  1.  

    (1)     An individual (A) is connected with another individual (B) if:

    1.  

      (a)     A is the spouse or civil partner of B

    2.  

      (b)     A is a relative of B or of B's spouse or civil partner

    3.  

      (c)     A is the spouse or civil partner of a relative of B; or

    4.  

      (d)     A is the spouse or civil partner of a relative of B's spouse or civil partner

A relative means brother, sister, ancestor or linear descendant2.

  1.  

    (2)     A trustee of a settlement is

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