Pt. 12A inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 4 para. 2 (with Sch. 9 paras. 1-9, 22)

http://www.legislation.gov.uk/ukpga/2007/3/section/681AMIncome Tax Act 2007An Act to restate, with minor changes, certain enactments relating to income tax; and for connected purposes.texttext/xmlenStatute Law Database2026-08-13Expert Participation2026-07-15Income Tax Act 2007s. 788(7)Legal Services Act 2007Sch. 21 para. 161(b)s. 29192193s. 211(2)art. 2(h)Part 12ASale and lease-back etcChapter 1Payments connected with transferred landInterpretation etc
681AMAssociated persons(1)

This section applies for the purposes of this Chapter.

(2)

The following persons are associated with one another—

(a)

the transferor in an affected transaction and the transferor in another affected transaction, if the two persons are acting in concert or if the two transactions are in any way reciprocal, and

(b)

any person who is an associate of either of those associated transferors.

(3)

Two or more bodies corporate are associated with one another if they participate in, or are incorporated for the purposes of, a scheme—

(a)

for the reconstruction of any body or bodies corporate, or

(b)

for the amalgamation of any two or more bodies corporate.

(4)

Persons are associated with one another if they are associates as defined in section 681DL (relatives, settlements, persons controlling bodies, joint owners etc).

(5)

In subsection (2) “affected transaction” means a transaction within—

(a)

section 681AA(1) or (2) or 681AB(1) or (2), or

(b)

section 835(1) or (2) or 836(1) or (2) of CTA 2010.