(1)For the purposes of this Chapter income arising to a non-UK resident company is “disregarded company income” if it is—
(a)disregarded savings and investment income (see section 825),
(b)disregarded annual payments (see section 826),
(c)income arising from a transaction carried out on behalf of the non-UK resident company in the course of the company's trade through a broker in the United Kingdom, in relation to which the independent broker conditions are met,
(d)income arising from an investment transaction carried out on behalf of the non-UK resident company in the course of the company's trade through an investment manager in the United Kingdom, in relation to which the independent investment manager conditions are met, or
(e)income of such other description as the Treasury may by regulations designate for the purposes of this section.
(2)This section needs to be read with—
section 817 (the independent broker conditions),
sections 818 to 824 (the independent investment manager conditions),
section 827 (meaning of “investment manager” and “investment transaction”), and
section 828 (transactions through brokers and investment managers).