Finance Act 2009, Paragraph 2 is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
2(1)Section 263B (stock lending arrangements) is amended as follows.U.K.
(2)In subsection (2), for “section 263C(2)” substitute “ sections 263C(2) and 263CA(3) and (5) ”.
(3)In subsection (4)—
(a)in paragraph (a), insert at the end “for a consideration equal to their market value at that time”,
(b)in paragraph (b), after “at that time” insert “ for that consideration ”, and
(c)insert at the end (not as part of paragraph (c))— “ This subsection does not apply where section 263CA (insolvency of borrower) applies. ”
(4)In subsection (7), omit the definition of “interest”.
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