9(1)In ICTA, omit—U.K.
(a)section 730 (transfers of rights to receive distributions in respect of shares),
(b)section 775A (transfers of rights to receive annual payments),
(c)section 785A (rent factoring of leases of plant or machinery), and
(d)in section 786 (transactions associated with loans or credit)—
(i)in subsection (5), “assigns,”, “(without a sale or transfer of the property)” and “assigned,”,
(ii)in subsection (5ZA), “assigned,”, and
(iii)in subsection (5A), “assigned,”.
(2)In ITTOIA 2005, omit—
(a)in Chapter 11 of Part 4 (transactions in deposits)—
(i)in section 551(2), the words after “of it”, and
(ii)in section 552(1), paragraph (e) and the “and” before it, and
(b)Chapter 13 of Part 4 (sales of foreign dividend coupons).
(3)Omit the following provisions (which relate to the provisions repealed by sub-paragraphs (1) and (2))—
(a)in TMA 1970, in section 98, in column 1 of the Table, the entry relating to section 730(8) of ICTA,
(b)in ICTA, in section 774E(1), the second sentence,
(c)in FA 1996, in Schedule 7, paragraph 23,
(d)in FA 2004, section 135,
(e)in ITTOIA 2005, in Schedule 1, paragraph 300,
(f)in F(No.2)A 2005, in Schedule 7, paragraphs 2 and 4,
(g)in FA 2006, in Schedule 6, paragraph 7,
(h)in ITA 2007—
(i)in section 1016, in Part 3 of the table, the entry relating to section 730(4) of ICTA, and
(ii)in Schedule 1, paragraphs 183 and 545, and
(i)in CTA 2009, in Schedule 1, paragraphs 214 and 230.
F1(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5)In section 2(13) of ITA 2007, omit the “and” at the end of paragraph (d) and insert at the end “or
(f)transfers of income streams (Chapter 5A).”
(6)Schedule 4 to that Act (index of defined expressions) is amended as follows.
(7)After the entry relating to “transfer (in Chapter 2 of Part 13)” insert—
| “transfer (in Chapter 5A of Part 13) | Section 809AZF(3)”. |
(8)After the entry relating to “transferor (in Part 12)” insert—
| “transfer taking place (in Chapter 5A of Part 13) | Section 809AZF(3)”. |
Textual Amendments
F1Sch. 25 para. 9(4) repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)