Commentary on Sections Overview Overview Section 395: Meaning of “associate” in section 394
1106.This section defines the term “associate”. It is based on section 360A(2), (4) to (7) and (10) of ICTA.
1107.The reference in section 360A(5) to Schedule 8 to ICTA has been replaced by a reference to the relevant provisions in ITEPA.
1108.Section 360A(8) and (9) of ICTA relate to loans made before 14 November 1986. Those rules are contained in Part 9 of Schedule 2 to this Act.
1109.Section 360A(3) of ICTA is redundant and has not been rewritten.