Question: Both Spark Plug (Pty) Ltd and Neon Lights (Pty) Ltd stores have two directors each on their respective boards of directors. Mr. Light is the

Both Spark Plug (Pty) Ltd and Neon Lights (Pty) Ltd stores have two directors each on their respective boards of directors. Mr. Light is the only director who is common to both boards. Mr. Light effectively makes all the decisions and practically manages both stores which provide innovative lighting and electrical solutions. Mr. Light owns 10% of the equity shares and voting rights in Spark Plug (Pty) Ltd and 15% of the equity shares and voting rights in Neon Lights (Pty) Ltd. REQUIRED: Briefly discuss if Spark Plug (Pty) Ltd is a connected person in relation to Neon Lights (Pty) Ltd. Support your answer with reference to the relevant sections of the Income Tax Act

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