Part 3Trading income

Chapter 6Trade profits: receipts

Reverse premiums

100Connected persons and property arrangements

For the purposes of this section and sections 96 to 99—

(a)

persons are treated as connected with each other if they are connected at any time during the period when the property arrangements are entered into, and

(b)

“the property arrangements” means the property transaction and any arrangements entered into in connection with it (whether before it, at the same time as it or after it).