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Legislation
Corporation Tax Act 2010

Chapter 1 Transfers of income streams

  • Section 752 Application of Chapter
  • Section 753 Value of transferred income stream treated as income
  • Section 754 Exception: amount otherwise taxed
  • Section 755 Exception: transfer by way of security
  • Section 756 Partnership shares
  • Section 757 Interpretation of Chapter
  1. Chapter 1 · Transfers of income streams
  2. Exception: transfer by way of security

Section 755 | Exception: transfer by way of security

From legislation.gov.uk

(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 2 by section 758,

“type 2 finance arrangement” has the meaning given for the purposes of Chapter 2 by section 763, and

“type 3 finance arrangement” has the meaning given for the purposes of Chapter 2 by section 767.

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