Part 14Income tax liability: miscellaneous rules
F1Chapter 2BUK representative of non-UK resident
F2Supplementary
S. 835R and cross-heading inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 6 para. 16 (with Sch. 9 paras. 1-9, 22)
835RSupplementary provision
1
For the purposes of this Chapter a person is to be regarded as carrying out a transaction on behalf of another if the person—
a
undertakes the transaction, whether on behalf of or to the account of the other, or
b
gives instructions for it to be so carried out by another.
2
In the case of a person who acts as a broker or investment manager as part only of a business, this Chapter has effect as if that part were a separate business.
835SF3Interpretation of Chapter
1
This section applies for the purposes of this Chapter.
2
“Branch or agency” means any factorship, agency, receivership, branch or management.
3
“Investment manager” has the same meaning as in Chapter 1 (see section 827).
4
“Investment transaction” means any transaction of a description specified for the purposes of this section in regulations made by the Commissioners for Her Majesty's Revenue and Customs.
5
Provision made in regulations under subsection (4) may, in particular, have effect in relation to the tax year current on the day on which the regulations are made.
Pt. 14 Ch. 2B inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 6 para. 1 (with Sch. 9 paras. 1-9, 22)