468 Non-UK resident trustees and foreign institutions
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

468  Non-UK resident trustees and foreign institutions

(1)     This section applies if a gain is treated as arising under this Chapter and either—

(a)     trustees who are non-UK resident would be liable for tax in respect of the gain as a result of section 467 if the trustees were UK resident immediately before the chargeable event in question occurs, or

(b)     immediately before that event occurs—

(i)     a foreign institution beneficially owns a

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