Notice
This website is for professional advisers only.
By clicking the acceptance button below, you are confirming that (i) you are a financial adviser AND (ii) that you have read the website terms of use and agree to be bound by them.
This website is for professional advisers only.
By clicking the acceptance button below, you are confirming that (i) you are a financial adviser AND (ii) that you have read the website terms of use and agree to be bound by them.
In a transaction or deal this refers to a situation where the buyers, sellers or investors have an existing business or personal relationship. Examples of connected people are:
• a spouse or civil partner,
• a direct relative (ancestors, brothers, sisters, or lineal descendants),
• the spouse or civil partner of a direct relative,
• a trustee of a settlement where the settlor is a member, or someone connected with a member,
• a person (or that person’s spouse or civil partner) who is in partnership with a member, or with a member’s spouse or civil partner,
• a company, which is controlled by a member and/or persons connected with a member.
For HMRC reporting purposes, a connected person also includes close companies of which a member or another connected person is a director. A full definition is in section 1122 of the Corporation Taxes Act 2010.
Sign up to our regular newsletter, for first-rate analysis and opinion on all matters affecting financial advisers. You can unsubscribe at any time.
You can also connect with us on social media by clicking on the icons below. We are on LinkedIn and Twitter.