Finance Act 2007 (c. 11)

Part 3 U.K. Income tax, corporation tax and capital gains tax

Alternative finance U.K.

54 Profit share agency U.K.

In section 49A(3) of FA 2005 (profit share agency: principal not treated as entitled to agent's share of profits), insert at the end “ (and the agent is treated as entitled to the profits specified in subsection (1)(c) and (d)) ”.