Member

Speaking in the House of Commons on 11 March 2026

Debate

Contribution

This amendment removes provision disapplying the rule that treats a sum as arising to a person (A) where it arises to a connected person (B), if it arises under arrangements under which B performs investment management services. That provision is unnecessary because such a sum would not arise under arrangements under which A performs investment management services, meaning that A would not be chargeable to income tax under section 23I in respect of the sum. It also removes provision in consequence of Amendment 56.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.