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Contents

Legislation
Income Tax Act 2007

Crossheading Miscellaneous

  • Section 373 Information to be provided by the investor
  • Section 374 Disclosure
  • Section 375 Nominees
  • Section 376 Application for postponement of tax pending appeal
  • Section 377 Identification of securities or shares on a disposal
  1. Miscellaneous
  2. Nominees

Section 375 | Nominees

From legislation.gov.uk

(1)For the purposes of this Part—

(a)loans made by or to, or disposed of by, a nominee for a person are treated as made by or to, or disposed of by, that person, and

(b)securities or shares subscribed for by, issued to, acquired or held by or disposed of by a nominee for a person are treated as subscribed for by, issued to, acquired or held by or disposed of by that person.

(2)For the purposes of subsection (1) references to things done by or to a nominee for a person include things done by or to a bare trustee for a person.

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