Statute
Section 553 — Corporation Tax Act 2009: Persons buying or selling for others
Text of the provision Official document
Persons buying or selling for others 553 1 For the purposes of this Chapter, in any case where—
a a person (“A”) buys securities (or has a right or obligation to buy securities), but b the securities are (or are to be) held for the benefit of another person (“B”), B (not A) is treated as buying (or having the right or obligation to buy) the securities.
2 In any case where—
a a person (“C”) sells securities, but b the proceeds of the sale are held for the benefit of another person (“D”), D (not C) is treated as selling the securities.
Official source: legislation.gov.uk
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