Statute
Section 857 — Income Tax Act 2007: Investments to be treated as being or as not being relevant investments
Text of the provision Official document
Investments to be treated as being or as not being relevant investments 857 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.
Official source: legislation.gov.uk
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