Taxation of Chargeable Gains Act 1992 section 271A

Overview of Chapter

Section 271A introduces the rules under which a UK branch or agency can be treated as the UK representative of a non-UK resident person for capital gains tax purposes.

• A branch or agency operating in the UK on behalf of a non-UK resident can be treated as that person's UK representative for capital gains tax
• This representative status applies only in respect of certain amounts that are chargeable to capital gains tax
• Where a branch or agency is treated as a UK representative, specific obligations and liabilities for capital gains tax are imposed on it, as set out in Chapter 2
• These provisions took effect for capital gains tax purposes from the 2010–11 tax year onwards