Section 1153 Miscellaneous

(1)

For the purposes of this Chapter a person is regarded as carrying out a transaction on behalf of another if the person—

(a)

undertakes the transaction, whether on behalf of or to the account of the other, or

(b)

gives instructions for it to be so carried out by another.

(2)

In the case of a person who acts as a broker or investment manager as part only of a business, this Chapter has effect as if that part were a separate business.

Notes on Chapter 2

Modifications

C1: Pt. 24 Ch. 2 applied by 2007 c. 3, s. 1007A (as inserted (with effect in accordance with Sch. 2 paras. 7(3), 8 of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 2 para. 3(3); S.I. 2011/662, art. 2)
C2: Pt. 24 Ch. 2 applied by 2003 c. 1, s. 60I(2)(a) (as inserted (6.4.2021 for the tax year 2021-22 and subsequent tax years) by Finance Act 2020 (c. 14), Sch. 1 paras. 5, 24 (with Sch. 1 paras. 30-34))