SCHEDULES
F1F1SCHEDULE 8
Part III Eligibility of individuals
Meaning of “associate"
20
1
In paragraph 15 (the “no material interest” requirement) “associate”, in relation to a person, means—
a
any relative or partner of that person,
b
the trustee or trustees of any settlement in relation to which that person, or any relative of his (living or dead), is or was a settlor, and
c
where that person is interested in any shares or obligations of the company which are subject to any trust, or are part of the estate of a deceased person, the trustee or trustees of the settlement concerned or (as the case may be) the personal representatives of the deceased.
2
In sub-paragraph (1)(a) and (b) “relative” means husband or wife, parent or remoter forebear, child or remoter issue, or brother or sister.
3
In sub-paragraph (1)(b) “settlor” and “settlement” have the same meaning as in Chapter IA of Part XV of the Taxes Act 1988 (see section 660G(1) and (2)).
Sch. 8 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 8 Pt. 1 (with Sch. 7)