Part 13Tax avoidance
F1Chapter 5ATransfers of income streams
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.
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