Part 15Deduction of income tax at source
Chapter 2Meaning of “relevant investment” for purposes of section 876
Deposit-takers and relevant investments
855Meaning of “investment” and “deposit”
F1(1)
In this Chapter, and section 876, “investment” means a deposit with a deposit-taker.
(2)
In this Chapter “deposit” means a sum of money paid on terms which mean that it will be repaid (with or without interest)—
(a)
on demand, or
(b)
at a time or in circumstances agreed by or on behalf of the person who pays it and the person who receives it.