[809EZE Interpretation of Chapter]
Income Tax Act 2007 (2007 c 3) | Legislation

[809EZE  Interpretation of Chapter]

[(1)     In this Chapter—

“arrangements” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable);

“collective investment scheme” has the meaning given by section 235 of FISMA 2000;

“external investor”, in relation to an investment scheme and any arrangements, means a participant in the scheme other than—

(a)     an individual who [at any time performs or is to perform] investment management services directly or indirectly in respect of the scheme, or

(b)     a person through whom sums are to, or may, arise directly or indirectly to such an individual from the scheme under the arrangements;

“investment management services”, in relation to an investment scheme, includes—

(a)     seeking funds for the purposes of the scheme from participants or potential participants,

(b)     researching

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