Section 271I — Taxation of Chargeable Gains Act 1992: Indemnities

Indemnities 271I 1 An independent agent of a non-UK resident is entitled to be indemnified for the amount of any liability of the non-UK resident which the agent has discharged by virtue of section 271F.

2 An independent agent of a non-UK resident is entitled to retain, from the sums mentioned in subsection (3), amounts sufficient to meet any liabilities which by virtue of section 271F the agent has discharged or to which the agent is subject.

3 The sums are those which—

a (ignoring subsection (2)) are due from the independent agent to the non-UK resident, or b are received by the independent agent on behalf of the non-UK resident.