Skip to content
Solved
SearchBrowse
Sign in

Contents

Legislation
Taxation of Chargeable Gains Act 1992

Chapter 2 Capital gains tax obligations and liabilities imposed on UK representatives

  • Section 271E Introduction to Chapter
  • Section 271F Obligations and liabilities of UK representative
  • Section 271G Exceptions: notices and information
  • Section 271H Exceptions: criminal offences and penalties etc
  • Section 271I Indemnities
  • Section 271J Meaning of “non-UK resident” and “independent agent”
  1. Chapter 2 · Capital gains tax obligations and liabilities imposed on UK representatives
  2. Indemnities

Section 271I | Indemnities F1

From legislation.gov.uk

(1)An independent agent of a non-UK resident is entitled to be indemnified for the amount of any liability of the non-UK resident which the agent has discharged by virtue of section 271F.

(2)An independent agent of a non-UK resident is entitled to retain, from the sums mentioned in subsection (3), amounts sufficient to meet any liabilities which by virtue of section 271F the agent has discharged or to which the agent is subject.

(3)The sums are those which—

(a)(ignoring subsection (2)) are due from the independent agent to the non-UK resident, or

(b)are received by the independent agent on behalf of the non-UK resident.

Notes

  1. F1

    Pt. 7A inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 6 Pt. 2 (with Sch. 9 paras. 1-9, 22)

PreviousNext
PrivacyTerms