# Income Tax Act 2007, Section 855: Meaning of “investment” and “deposit”

Extent: E+W+S+N.I.

(1) In this Chapter, and section 876, “investment” means a deposit with a deposit-taker.
(2) In this Chapter “deposit” means a sum of money paid on terms which mean that it will be repaid (with or without interest)—
(a) on demand, or
(b) at a time or in circumstances agreed by or on behalf of the person who pays it and the person who receives it.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/855 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-855
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.