Section 855 Meaning of “investment” and “deposit”
United Kingdom
In this Chapter, and section 876, “investment” means a deposit with a deposit-taker.
In this Chapter “deposit” means a sum of money paid on terms which mean that it will be repaid (with or without interest)—
on demand, or
at a time or in circumstances agreed by or on behalf of the person who pays it and the person who receives it.
Annotations
Textual amendments
- F1
S. 855(1) substituted (with effect in accordance with Sch. 6 para. 28 of the amending Act) by Finance Act 2016 (c. 24), Sch. 6 para. 9
Notes on Part 15
Modifications
- C1
Pt. 15 modified (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), ss. 551(4), 1329(1) (with Pts. 1, 2, Sch. 2 para. 78)
Notes on Chapter 2
Textual amendments
- F1
Pt. 15 Ch. 2 heading substituted (with effect in accordance with Sch. 6 para. 28 of the amending Act) by Finance Act 2016 (c. 24), Sch. 6 para. 4