# Finance Act 2021, Paragraph 29


After section 259ND insert—
“Qualifying institutional investors etc
Meaning of “qualifying institutional investor” etc
259NDA (1) This section has effect for the purposes of this Part.
(2) References to “qualifying institutional investor” have the meaning given by paragraph 30A of Schedule 7AC to TCGA 1992.
(3) A qualifying institutional investor is “based” in a territory—
(a) if it is resident for tax purposes in the territory, or
(b) where it is not resident anywhere for tax purposes, if it is established in the territory.”

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Source: https://www.legislation.gov.uk/ukpga/2021/26/schedule/7/paragraph/29 (the official version)
Page: https://openlegislation.uk/finance-act-2021/schedule-7/paragraph-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.