Commentary on Sections Glossary Part 2: Employment income: charge to tax Section 60: Meaning of “associate”
244.This section deals with the meaning of “associate”. This term is used in sections 50(1)(b), 51(3)(a) and (b) and 52(2)(b)(ii). It derives from paragraph 19.
245.The definition of an employee benefit trust now appears in Chapter 11 of Part 7.