[WMK0877]

Hi, just have a question pertaining to who qualifies as family for the PHC tests. This is the test to see if individuals own directly or constructively a certain portion of a Corporation.

I know the following are considered family:

Spouse

Partner (if in business partnership)

Ancestors

Descendants

Siblings

What about Ancestors of your spouse? IE Father-in-Law?

Or Spouse of your descendant? IE Son-in-Law?

I couldn’t find anything that specifically mentioned in-laws, so I assume that they did not count as family.

REG- 61 , 72 , 71 , 78
FAR- 86
AUD- 74 , 84
BEC- 77

[Anonymous]

I have in my notes that in laws are not considered family, but you may want to see what other people say just to be sure.

[Author]

Replies