# Corporation Tax Act 2009, Section 553: Persons buying or selling for others


(1) For the purposes of this Chapter, in any case where—
(a) a person (“A”) buys securities (or has a right or obligation to buy securities), but
(b) the securities are (or are to be) held for the benefit of another person (“B”),
B (not A) is treated as buying (or having the right or obligation to buy) the securities.
(2) In any case where—
(a) a person (“C”) sells securities, but
(b) the proceeds of the sale are held for the benefit of another person (“D”),
D (not C) is treated as selling the securities.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/553 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-553
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.