Section 371VF | Connected persons etc

(1)This section applies for the purposes of this Part.

(2)The following provisions of CTA 2010 apply—

(a)section 882(2) to (7) (“associated” persons), and

(b)section 1122 (“connected” persons).

(3)A person is “related” to a CFC if—

(a)the person is connected or associated with the CFC,

(b)at least 25% of the CFC's chargeable profits would be apportioned to the person at step 3 in section 371BC(1) were that step required to be taken in relation to the accounting period in question, or

(c)if the CFC is a CFC by virtue of section 371RC, the person is connected or associated with either or both of the controllers.