Part 6Relationships treated as loan relationships etc
Chapter 10Repos
Introduction
542Introduction to Chapter
1
The purpose of this Chapter is to secure that in the case of an arrangement—
a
which involves the sale of securities and the subsequent purchase of those or similar securities, and
b
which equates, in substance, to a transaction for the lending of money at interest from or to a company, with the securities which were sold as collateral for the loan,
the charge to corporation tax reflects the fact that the arrangement equates, in substance, to such a transaction.
2
Sections 543 to F1546 make provision about arrangements which are creditor repos or creditor quasi-repos.
3
Sections 548 to 551 make provision about arrangements which are debtor repos or debtor quasi-repos.