Corporation Tax Act 2010 (c. 4)

Schedules

SCHEDULE 2 Transitionals and savings etc

Part 16 Factoring of income etc

Application of section 779 (income-transfer under loan or credit transaction)

89 In relation to a transfer before 22 April 2009, section 779(4) has effect as if—

(a) after “if it” there were inserted “assigns,” and

(b) after “forgoes it” there were inserted “(without a sale or transfer of the property)”.