http://www.legislation.gov.uk/ukpga/2007/3/section/614ZBIncome Tax Act 2007An Act to restate, with minor changes, certain enactments relating to income tax; and for connected purposes.texttext/xmlenStatute Law Database2026-08-13Expert Participation2026-07-15 Income Tax Act 2007s. 788(7)Legal Services Act 2007Sch. 21 para. 161(b)s. 29 192 193s. 211(2)art. 2(h) PART 11ZA614ZB1For the purposes of the Income Tax Acts a person has a manufactured payment relationship if conditions A to C are met.2Condition A is that under any arrangements—aan amount is payable by or to the person, orbany other benefit is given by or to the person (including the release of the whole or part of any liability to pay an amount).3Condition B is that the arrangements relate to the transfer of securities.4Condition C is that the amount or value of the other benefit—ais representative of a dividend or interest on the securities, orbwill fall to be treated as representative of such a dividend or interest when it is paid or given.5In subsection (2) the reference to an amount being payable, or other benefit being given, by the person includes a reference to an amount being payable, or other benefit being given, by another person on behalf of the person in question.6In this Part—“manufactured payment”, in relation to a manufactured payment relationship, means an amount, or the value of a benefit, within subsection (2), and“securities” means—shares in a company, andloan stock or any similar security (whether the security is of the government of the United Kingdom, any other government, any public or local authority in the United Kingdom or elsewhere, or any other company or body).Pt. 11ZA inserted (with effect in accordance with Sch. 29 para. 51 of the amending Act) by Finance Act 2013 (c. 29), Sch. 29 para. 1