Part 5Enterprise investment scheme

Chapter 8Supplementary and general

Interpretation

253Meaning of “associate”

1

In this Part “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 that person (living or dead), is or was a settlor, and

c

if that person has an interest in any shares or obligations of a company which are subject to any trust or are part of the estate of a deceased person—

i

the trustee or trustees of the settlement concerned or, as the case may be, the personal representatives of the deceased, and

ii

if that person is a company, any other company which has an interest in those shares or obligations.

2

In subsection (1)(a) and (b) “relative” means spouse or civil partner, ancestor or lineal descendant.