Meaning of "Connected Person"
On a guide on GOV.UK, it says:
"The definition of ‘connected’ is quite broad and is covered in Section 1122 Corporation Taxes Act (CTA) 2010.
Examples include:
a husband, wife or civil partner
brother or sister, his or her ancestors and lineal descendants"
Section 1122 Corporation Taxes Act (CTA) 2010
www.legislation.gov.uk/ukpga/2010/4/section/1122
An individual (“Aâ€) is connected with another individual (“Bâ€) if—
(a) A is B's spouse or civil partner,
(b) A is a relative of B,
(c) A is the spouse or civil partner of a relative of B,
(d) A is a relative of B's spouse or civil partner, or
(e) A is the spouse or civil partner of a relative of B's spouse or civil partner.
Question: Would a niece be classed as a connected person to a paternal Aunt? Presumably, yes - covered by (b) above because the niece is a blood relative?
Last edited by: BrianByPass on Wed 12 Apr 17 at 19:26
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Just found further information:
app.voa.gov.uk/corporate/publications/Manuals/CapitalGainsTaxManual/appends/t-cgt-man-app19.html
2) For Inheritance Tax only, the above (para 1) is extended to include the individual's:-
uncle/aunt )
nephew/niece ) and their spouse
spouse's uncle/aunt )
spouse's nephew and niece)
www.legislation.gov.uk/ukpga/2010/4/section/448
In this section, “relative†means—
(a)a spouse or civil partner,
(b)a parent or remoter forebear,
(c)a child or remoter issue, or
(d)a brother or sister.
So it seems definition of a relative may or may not include Aunt/Niece.
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Could you e-mail them for a definitive answer?
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Just in this pot of connection with inheritance tax planning...complex.
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>> Examples include:
>> a husband, wife or civil partner
>> brother or sister, his or her ancestors and lineal descendants"
>>
Does that mean lineal descendants of the ancestors, or only descendants of the person?
Last edited by: Cliff Pope on Thu 13 Apr 17 at 07:46
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Badly written isn't it. I would suggest of the person.
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Why are we discussing this?
Or have I, as usual, not been paying attention?
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Perhaps you are a disconnected person?
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Meaning of "Connected Person" - BrianByPass
