PART VIII CHARGES ON NON-RESIDENTS F1
Capital gains tax
84 Gains from branch or agency. [1952 s.370; 1965 Sch.X 1(1).]
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A non-resident person shall be assessable and chargeable to capital gains tax in respect of any chargeable gains arising, whether directly or indirectly, through or from any branch or agency, and shall be so assessable and chargeable in the name of the branch or agent.
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The person in whose name the non-resident person is chargeable shall be answerable for all matters required to be done under the enactments relating to capital gains tax for the purpose of assessment and payment of that tax.
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A person who has been charged under this section in respect of any non-resident person may retain, out of money coming into his hands on behalf of any such person, so much thereof from time to time as is sufficient to pay the tax charged, and shall be indemnified for all such payments made in pursuance of the enactments relating to capital gains tax.
See alsoFinance Act 1973 s.38and Sch.15 paras. 4to9—collection from holder of licence underPetroleum (Production) Act 1934of tax assessed on non-residents unders.38 (territorial extension of charges to tax).