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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. Meaning of “non-UK resident” and “independent agent”

Section 271J | Meaning of “non-UK resident” and “independent agent” F1

From legislation.gov.uk

(1)In this Chapter “non-UK resident” means a person who is not resident in the United Kingdom.

(2)In this Chapter “independent agent”, in relation to a non-UK resident (“X”), means a person who is the UK representative of X in respect of any agency in which the person is acting on behalf of X in an independent capacity.

(3)For this purpose a person does not act in an independent capacity on behalf of X unless the relationship between them, having regard to its legal, financial and commercial characteristics, is a relationship between persons carrying on independent businesses dealing with each other at arm's length.

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)

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