# Income Tax Act 2007, Section 517T: References to realising a gain


(1) For the purposes of sections 517B(1) and 517D(1) it does not matter whether the person (“P”) realising the profit or gain in question realises it for P or another person.
(2) For the purposes of subsection (1), if, for example by a premature sale, a person (“A”) directly or indirectly transmits the opportunity of realising a profit or gain to another person (“B”), A realises B's profit or gain for B.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/517T (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-517T
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.