Section 614DC | Connected persons ^F1

(1)For the purposes of this Part in its application as a result of any leasing arrangements, if a person (“A”) is connected with another (“B”) at some time during the relevant period A is treated as being connected with B throughout that period.

(2)The relevant period is the period that—

(a)begins at the earliest time at which any of the arrangements were made, and

(b)ends when the current lessor finally ceases to have an interest in the asset or any arrangements relating to it.