SolvedIEIM606050 | Notification Requirement: Connected persons: Overseas persons
From HM Revenue & Customs · International Exchange of Information Manual
Notification Requirement: Connected persons: Overseas persons
The exemption for connected parties does not apply to overseas persons. Where a given account holder or client is notified by a person in the UK and that individual is also an account holder or client of a connected overseas person, both the UK person and the overseas person must send a notification.