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Home / Simons-Taxes /Business tax /Part B3 Capital allowances /Division B3.1 Capital allowances—general provisions /Capital allowances / B3.108B Capital allowances—connected persons
Commentary

B3.108B Capital allowances—connected persons


Business tax

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

  1. Ìý

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

    1. Ìý

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

    2. Ìý

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

    3. Ìý

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

    4. Ìý

      (d)ÌýÌýÌýÌý 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. Ìý

    (2)ÌýÌýÌýÌý A trustee of a settlement is connected with:

    1. Ìý

      (a)ÌýÌýÌýÌý any individual

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