NomineesU.K.
44(1)For the purposes of this Schedule—
(a)loans made by or to, or disposed of by, a nominee for a person shall be treated as made by or to, or disposed of by, that person;
(b)securities or shares subscribed for by, issued to, acquired or held by or disposed of by a nominee for a person shall be treated as subscribed for by, issued to, acquired or held by or disposed of by that person.
(2)For the purposes of sub-paragraph (1) references to things done by or to a nominee for a person include things done by or to a bare trustee for a person.
Commencement Information
I1Sch. 16 para. 44 in force at 23.1.2003 by S.I. 2003/88, arts. 2, 3