Taxation of Chargeable Gains Act 1992 section 271D

Interpretation of Chapter

Section 271D defines two key terms used throughout the chapter dealing with gains of non-UK residents relating to branches or agencies in the United Kingdom.

• The term "branch or agency" covers a wide range of business presences in the UK, including factorships, agencies, receiverships, branches, and management operations.
• A "non-UK resident" is simply any person who is not resident in the United Kingdom.
• These definitions apply consistently throughout the chapter wherever those terms are used.
• The broad definition of "branch or agency" ensures that various forms of business presence through which a non-UK resident might operate in the UK are captured within the scope of the chapter.