Corporation Tax Act 2010 section 357LH

Meaning of "investment manager" and "investment transaction"

Section 357LH defines the terms "investment manager" and "investment transaction" for the purposes of the Northern Ireland corporation tax regime by referring to existing definitions elsewhere in the Act.

• The terms "investment manager" and "investment transaction" are used within the Northern Ireland corporation tax provisions.
• Rather than creating new definitions, the section adopts the same meanings already established in the permanent establishment rules of the Act (section 1150).
• An investment manager is broadly a person who carries on a business of providing investment management services.
• An investment transaction covers transactions in shares, securities, futures, options, and similar financial instruments carried out by or through an investment manager.