Company and 25% voting interest holder
(1) A company and a person other than a company are associated persons if the person has a voting interest in the company of 25% or more.
Company and 25% market value interest holder
(2) A company and a person other than a company are associated persons if—
General aggregation rule
(3) For the purposes of subsections (1) and (2), if a person (person A) and another person (person B) are associated under any of sections YB 4 to YB 14, person A is treated as holding anything held by person B.
Aggregation rule for land provisions
Person other than company
(5) In this section, a person other than a company includes a company acting in its capacity as a trustee of a trust.
Defined in this Act: associated person, company, land provisions, market value circumstance, market value interest, voting interest
Section YB 3: substituted, on 1 April 2010, by section 563(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).