Commentary on Sections Overview Chapter 12: Related parties Section 834: Overview of Chapter
2161.This section introduces the Chapter that gives rules to determine whether parties to a transaction are “related parties” and therefore subject to special rules (set out in Chapter 13 of this Part). It is new.
2162.The approach in this Act to “related parties” differs in two ways from that in the source legislation.
2163.First, the provisions that define who are “related parties” precede the rules that then apply to them.
2164.Second, those two groups of rules are separated into different Chapters.