SCHEDULES

SCHEDULE 13Transfer schemes: tax provisions

Part 6Transfers etc involving private persons

Loan relationships

40

1

F1Section 444 of CTA 2009 (transactions not at arm's length) is not to have effect where, as a result of a relevant transfer, the transferee replaces the transferor as a party to a loan relationship.

2

Expressions used in this paragraph and in F2Part 5 of CTA 2009 have the same meanings in this paragraph as in F2that Part.