{"Term":"Associated person","Definition":"\u003cp\u003ePersons and companies, trusts or partnerships which are associated with each other under tax law. \u003c/p\u003e\n\u003cp\u003eFor example, two companies (or a company and a person) with common voting interests and common market value interests; two relatives; a trustee and a beneficiary; or the settlor of a trust and trust\u0027s beneficiary.\u003c/p\u003e\n\u003cp\u003eThe associated persons rules are designed to make sure that transactions are taxed fairly and honestly.\u003c/p\u003e\n\u003cp\u003eFor more information download the Guide to associated persons - IR620.\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"/managing-my-tax/associated-persons\" class=\"quick-links-topic\"\u003eAssociated persons\u003c/a\u003e\u003c/p\u003e","TeReoTerm":"","TeReoDefinition":""}