Are family members automatically PSCs?

Legislation isn't clear on this.

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I've looked on the C.H. site and studied the legislation, and I can't find where it says that a company with (say) thirty shareholders, of which four are family members and hold 28% of the shares must be registered as PSCs. C.H. insist that this is the case. Any views on this?

http://www.legislation.gov.uk/ukpga/2015/26/schedule/3/paragraph/2

 

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ALISK
By atleastisoundknowledgable...
11th May 2018 16:49

It would depend on the ‘closeness’ of those family relationships.

If cousin A (once removed), cousin B (twice removed), cousin C (thrice removed) and I collectively owned 28%, I wouldn’t say any of us was a PSC.

If me, Mrs ALISK, baby ALISK and my younger brother owed 28%, I would say that I was a PSC.

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By 356B
23rd May 2018 12:47

The question is, where would C.H. draw the line?
The legislation doesn't define it as it does with other company "associates".

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