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Income Tax (Earnings and Pensions) Act 2003

Paragraph 23: Meaning of “associate”: trustees of employee benefit trust

3016.This paragraph supplements paragraph 22 and contains provisions that apply where an individual is interested as a beneficiary of an employee benefit trust. The paragraph derives from paragraph 21 of Schedule 8.

3017.This paragraph has counterparts in Schedules 3, 4 and 5. Chapter 11 of Part 7 (supplementary provisions) defines the expression “employee benefit trust”, and deals with further matters arising when payments from employee benefit trusts are made. In the later sub-paragraphs of this paragraph there are references to provisions in Chapter 11 of Part 7 and to the contents of that Chapter.

3018.The defined term “relevant company” in paragraph 21 of Schedule 8 has been omitted. This definition is not in fact used.

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