(1)This Part is about the income tax treatment of some arrangements for the transfer of securities.
(2)Chapter 2 deals with arrangements for the transfer of securities under which provision is made for the payment of amounts representative of dividends or interest in respect of the securities.
(3)Chapter 3 prevents parties to stock lending arrangements (see section 568) and repos (see section 569) from being entitled to tax credits in some circumstances.
(4)Chapter 4 brings within the rules in Chapters 2 and 3—
(a)some stock lending arrangements under which the dividends or interest in respect of the transferred securities are paid to a person other than the lender, and
(b)some repos where the original owner is not entitled to the dividends or interest in respect of the transferred securities.
(5)Chapter 5 deals with differences between the sale and repurchase price under repos.
(6)Chapter 6 contains powers to modify some of the provisions about repos.