Part 14

Income tax liability: miscellaneous rules
Chapter 1

Limits on liability to income tax of non-UK residents

Supplementary

Transactions through brokers and investment managers
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1
For the purposes of this Chapter a person is 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.
Pt. 14 Ch. 1 excluded by 2005 c. 5, s. 608X(3)(a) (as inserted (with effect in accordance with Sch. 3 para. 7 of the amending Act) by Finance Act 2019 (c. 1), Sch. 3 para. 4)