C1Part 7Community investment tax relief

Annotations:
Modifications etc. (not altering text)
C1

Pt. 7 modified by 2005 c. 7, s. 54A (as inserted (10.7.2008) by The Alternative Finance Arrangements (Community Investment Tax Relief) Order 2008 (S.I. 2008/1821), arts. 1, 2)

Chapter 7Supplementary and general

Miscellaneous

375Nominees

1

For the purposes of this Part—

a

loans made by or to, or disposed of by, a nominee for a person are treated as made by or to, or disposed of by, that person, and

b

securities or shares subscribed for by, issued to, acquired or held by or disposed of by a nominee for a person are treated as subscribed for by, issued to, acquired or held by or disposed of by that person.

2

For the purposes of subsection (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.