OT15580 - PRT: tariff and disposal receipts - definitions of connected person

OTA83\S15(4)

The term, 鈥榗onnected person鈥�, has the same meaning throughout OTA83 and uses the definition in ICTA88\S839.

In relation to tariff and disposal receipts, the term is relevant to the following:

  • OTA83\Sch2\Para2, consideration received by connected persons under avoidance schemes, see OT15400.
  • OTA83\Sch2\Para5, limit to tariff and disposal receipts where transaction between connected persons or not at arm鈥檚 length, see OT15450.
  • OTA83\Sch2\Para11, use by connected person, see OT15500.
  • OTA83\Sch2\Para12, purchase of oil at place of extraction, see OT15540.

With regard to the application of this definition to the 鈥榖rought-in鈥� asset rules, see OT11700.