Example sentences of "[vb pp] on outside the [noun prp] " in BNC.
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1 | This regime makes the settlor of a non-UK resident trust liable to capital gains tax on gains made by the trustees where the settlor has an interest , or is treated as having an interest , in the trust ( the trustees themselves being outside the UK capital gains tax net if a majority of them are neither resident nor ordinarily resident in the UK and the general administration of the trust is carried on outside the UK — see s69 TCGA 1992 ) . |
2 | Under the overseas person exemption , many types of investment business which are actually carried on in the UK ( albeit from a non-UK office ) , are in effect treated as carried on outside the UK for the purposes of the FSA ( and so do not require authorisation under the FSA ) if the firm does not have a UK office from which it carries on investment business and : ( 1 ) The firm deals with or through , or arranges transactions with , an FSA-authorised person , such as a UK stockbroker , or an exempted person , such as a listed money market institution , acting within the terms of its exemption ( para 26 of Sched 1 ) ; this applies even if that person is an affiliate ; ( 2 ) the firm did not solicit the business in contravention of the FSA 's restrictions on the issue of investment advertisements and cold calling ( para 27 of Sched 1 ) . |
3 | the general administration of the trust is ordinarily carried on outside the United Kingdom ; and 2. the trustees or a majority of them for the time being are not resident or not ordinarily resident in the United Kingdom ( TCGA 1992 , s69(1) ) . |
4 | Under TCGA 1992 , s69(2) , where the settlor was not domiciled , resident or ordinarily resident in the United Kingdom when he made the settlement , then if the trustees or a majority of them are " professional trustees " they will be treated as not resident in the United Kingdom and the general administration of the settlement will be treated as ordinarily carried on outside the United Kingdom . |
5 | If as a result of that provision the trustees or the majority of them are deemed , in relation to the trust , not to be resident in the United Kingdom , the provision goes on further to provide that the general administration of the trust shall be treated as ordinarily carried on outside the United Kingdom . |
6 | The general administration of the trust is ordinarily carried on outside the United Kingdom . |
7 | The danger with regard to capital gains tax is not so much that the protector may be treated as a trustee , which is very unlikely in a properly drawn protectorship clause in the deed , but that he may de facto intervene in the way the trust is carried out so that the Revenue may argue that the general administration of the trust is not ordinarily carried on outside the United Kingdom . |
8 | However , if he is a currency speculator he may be found to be trading in currencies and as he resides in the United Kingdom it would be very difficult to show that the trade was carried on outside the United Kingdom . |