Section 835H — Income Tax Act 2007: Brokers

Brokers 835H 1 This section applies if a non-UK resident carries on (alone or in partnership) a business through a broker in the United Kingdom.

2 The broker is not the UK representative of the non-UK resident in relation to an amount within section 835E(2) if—

a the amount is transaction income in relation to a transaction carried out through the broker in the United Kingdom on behalf of the non-UK resident, and b the independent broker conditions are met in relation to the transaction (see section 835L).

3 In subsection (2) “ transaction income ”, in relation to a transaction carried out through a broker in the United Kingdom on behalf of a non-UK resident, has the same meaning as in Chapter 1 (see section 814(5)).