This article discusses the meaning of 'connected persons' for the purposes of ATED. For the connected persons rule which applies where entitlements to separate SDIs in the same dwelling are held by connected persons see B6.722.
CTA 2010, s 1122 (see B2.109) applies to determine who are connected persons for the purposes of ATED1.
A person is regarded as connected with a collective investment scheme if the person is a participant in the scheme who:
- Ìý
(a)ÌýÌýÌýÌý is entitled to a share of at least 50% either of all the profits or income arising from the scheme or of any profits or income arising from the scheme that may be distributed to participants
- Ìý
(b)ÌýÌýÌýÌý would in the event of the winding up of the scheme be entitled to 50% or more of the assets of the scheme that would then be available for distribution among
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