Related Commentary  Related HMRC Manuals

868(1)  An investment with a deposit-taker is not a relevant investment if–

(a)the deposit-taker is UK resident for income tax purposes or corporation tax purposes, and

(b)the investment is held at a branch of the deposit-taker situated outside the United Kingdom.

868(2)  An investment with a deposit-taker is not a relevant investment if–

(a)the deposit-taker is non-UK resident for income tax purposes or corporation tax purposes, and

(b)the investment is not held at a branch of the deposit-taker situated in the United Kingdom.

868(3)  [Omitted by FA 2016, s. 39 and Sch. 6, para. 15.]

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