F1Part 7AUK representatives of non-UK residents
Annotations:
Amendments (Textual)
Chapter 2Capital gains tax obligations and liabilities imposed on UK representatives
271JMeaning of “non-UK resident” and “independent agent”
1
In this Chapter “non-UK resident” means a person who is not resident in the United Kingdom.
2
In this Chapter “independent agent”, in relation to a non-UK resident (“X”), means a person who is the UK representative of X in respect of any agency in which the person is acting on behalf of X in an independent capacity.
3
For this purpose a person does not act in an independent capacity on behalf of X unless the relationship between them, having regard to its legal, financial and commercial characteristics, is a relationship between persons carrying on independent businesses dealing with each other at arm's length.
Pt. 7A inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 6 Pt. 2 (with Sch. 9 paras. 1-9, 22)