SCHEDULES
SCHEDULE 8Minor and consequential amendments
Part 10Factoring of income etc
Taxation of Chargeable Gains Act 1992 (c. 12)
268
1
Amend section 263E (structured finance arrangements) as follows.
2
In subsection (1)(a) for “section 774B of the Taxes Act” substitute “
section 809BZB or 809BZC of ITA 2007
”
.
3
In subsection (6) in the definition of “the borrower” for “section 774A of the Taxes Act” substitute “
the defining section
”
.
4
In subsection (6) after the definition of “the borrower” insert—
“the defining section” in relation to a structured finance arrangement—
a
means section 809BZA of ITA 2007 if it is section 809BZB or 809BZC of ITA 2007 that applies in relation to the arrangement, and
b
means section 758 of CTA 2010 if it is section 759 or 760 of CTA 2010 that applies in relation to the arrangement,
5
In subsection (6) in the definition of “the lender” for “that section” substitute “
the defining section
”
.
6
In subsection (6) in the definition of “security” for “subsection (2)(c) and (d) of that section” substitute “
subsection (2)(b) and (c) of the defining section
”
.