# Income Tax Act 2007, Section 868: Investments held outside the United Kingdom

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

(1) An investment with a deposit-taker is not a relevant investment if—
(a) the deposit-taker is UK resident for income tax purposes or corporation tax purposes, and
(b) the investment is held at a branch of the deposit-taker situated outside the United Kingdom.
(2) An investment with a deposit-taker is not a relevant investment if—
(a) the deposit-taker is non-UK resident for income tax purposes or corporation tax purposes, and
(b) the investment is not held at a branch of the deposit-taker situated in the United Kingdom.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) For the purposes of this section an investment is held at a branch of a deposit-taker ... if the investment is recorded in its books as a liability of that branch.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/868 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-868
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.