Part 15 U.K. Deduction of income tax at source

Chapter 2 U.K. Deduction by deposit-takers and building societies

Deposit-takers and relevant investments U.K.

857 Investments to be treated as being or as not being relevant investments U.K.

(1) A deposit-taker or building society must treat every investment with it as a relevant investment unless satisfied that the investment is not a relevant investment.

(2) If a deposit-taker or building society is satisfied that an investment is not a relevant investment, it may continue to treat the investment as not being a relevant investment until subsection (3) applies.

(3) This subsection applies when the deposit-taker or building society has information which can reasonably be taken to indicate that the investment is or may be a relevant investment.