[154A Certain non-UK residents with interest on 3½% War Loan 1952 Or After]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[154A  Certain non-UK residents with interest on 3½% War Loan 1952 Or After]

[(1)     This section applies if—

(a)     in any tax year a person who is not . . . resident in the United Kingdom carries on a trade there—

(i)     consisting of banking or insurance, or

(ii)     consisting wholly or partly of dealing in securities, and

(b)     in calculating the profits of the trade for the tax year any amount is disregarded as a result of section 714 (exemption of profits from FOTRA securities) because of a condition subject to

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