Paragraph 24

After section 271 of TCGA 1992 insert—

“ Part 7A

UK representatives of non-UK residents

CHAPTER 1

Treatment of branch or agency as UK representative of non-UK resident

Introduction

Overview of Chapter

271A

(1)

This Chapter provides for a branch or agency to be treated as the UK representative of a non-UK resident in respect of certain amounts chargeable to capital gains tax.

(2)

For obligations and liabilities in relation to capital gains tax imposed on a branch or agency which under this Chapter is treated as the UK representative of a non-UK resident, see Chapter 2.”