Section 809BZO | Exceptions: relevant person ^F1

(1)This section defines a relevant person for the purposes of section 809BZN.

(2)If (apart from sections 809BZN and 809BZP) sections 809BZA to 809BZE would apply, each of the following is a relevant person—

(a)the borrower, and

(b)a person connected with the borrower or (if the borrower is a partnership) a member of the partnership.

(3)If (apart from sections 809BZN and 809BZP) sections 809BZF to 809BZI would apply, the transferor is a relevant person.

(4)If (apart from sections 809BZN and 809BZP) sections 809BZJ to 809BZL would apply, a relevant member as there defined is a relevant person.

(5)For the purposes of subsection (2)(b) the persons connected with the borrower include any persons who under section 993 (meaning of “connected”) are connected with the borrower.