SCHEDULES
SCHEDULE 16Non-residents: investment managers
Part 2Eligibility to be agent of independent status
ITA 2007
5
1
Section 827 (meaning of “investment transaction”) is amended as follows.
2
For subsections (2) and (3) substitute—
2
In this section “investment transaction” means any transaction of a description specified for the purposes of this section in regulations made by the Commissioners for Her Majesty's Revenue and Customs.
3
Provision made in regulations under subsection (2) may, in particular, have effect in relation to the tax year current on the day on which the regulations are made.