Section 557 Meaning of person receiving an asset
For the purposes of this Chapter references to a person receiving any asset include the person—
(a)
obtaining the value of any asset directly or indirectly, or
(b)
otherwise deriving any benefit from it directly or indirectly.
Notes on Part 6
Modifications
- C1
Pt. 6 modified (for the tax year 2026-27 and subsequent tax years (but in relation to investment management services whenever performed)) by 2005 c. 5, Sch. A1 para. 35(7) (as inserted by Finance Act 2026 (c. 11), s. 58(6), Sch. 11 para. 1)