Part 13Tax avoidance

F1Chapter 5ATransfers of income streams

Annotations:
Amendments (Textual)
F1

Pt. 13 Ch. 5A inserted (with effect in accordance with Sch. 25 para. 10 of the amending Act) by Finance Act 2009 (c. 10), Sch. 25 para. 7

809AZEF2Exception: transfer by way of security

1

This Chapter does not apply if—

a

the consideration for the transfer is the advance under a type 1 finance arrangement, and

b

the transferor is, or is a member of a partnership which is, the borrower in relation to the arrangement.

2

This Chapter does not apply if—

a

the consideration for the transfer is the advance under a type 2 finance arrangement or a type 3 finance arrangement, and

b

the transferor is a member of the partnership which receives that advance under the arrangement.

3

In this section—

  • “type 1 finance arrangement” has the meaning given for the purposes of Chapter 5B by section 809BZA,

  • “type 2 finance arrangement” has the meaning given for the purposes of Chapter 5B by section 809BZF, and

  • “type 3 finance arrangement” has the meaning given for the purposes of Chapter 5B by section 809BZJ.