# Income Tax Act 2007, Section 857: Investments to be treated as being or as not being relevant investments

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

(1) A deposit-taker ... must treat every investment with it as a relevant investment unless satisfied that the investment is not a relevant investment.
(2) If a deposit-taker ... is satisfied that an investment is not a relevant investment, it may continue to treat the investment as not being a relevant investment until subsection (3) applies.
(3) This subsection applies when the deposit-taker ... has information which can reasonably be taken to indicate that the investment is or may be a relevant investment.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/857 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-857
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.