Part 7 U.K. Income tax, corporation tax and capital gains tax: general

Taxation of non-resident companies and related matters U.K.

152 Non-resident companies: transactions carried out through broker, investment manager or Lloyd’s agent U.K.

Schedule 26 to this Act contains provisions supplementing—

(a) section 148(3) (meaning of “permanent establishment”: not to include independent agent), and

(b) section 151(2)(c) (limit on income tax chargeable on non-resident company: income arising from transactions carried out through independent agent),

as regards transactions carried out through a broker, investment manager or Lloyd’s agent.