Section 357LK MiscellaneousF1

(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.

Annotations

Textual amendments

F1: Pt. 8B inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), s. 1