FA 2003
8(1)Section 152 (non-resident companies: transactions carried out through broker, investment manager or Lloyd’s agent) is amended as follows.
(2)The existing provision of section 152 becomes subsection (1) of that section.
(3)After subsection (1) insert—
“(2)Schedule 26 also contains provision about disregarding profits of certain investment transactions carried out on behalf of non-resident companies when attributing profits under section 11AA of the Taxes Act 1988.”