SolvedTTM12030 | Tonnage tax groups: Control
From HM Revenue & Customs · Tonnage Tax Manual
Meaning of 'associate'
‘Associate’, in relation to an individual, (per FA00/SCH22/PARA144 (1)) means:
a relative of that individual, or
a partner of that individual, or
the trustee or trustees of any settlement in relation to which:
that individual, or
any relative (whether living or dead) of that individual,
is or was a settlor, or
where that individual is interested in any shares or obligations of a company that are subject to a trust, the trustee or trustees of the settlement concerned, or
where that individual is interested in any shares or obligations of a company that are part of the estate of a deceased person, the personal representatives of the deceased.