SCHEDULE 6 Avoidance Involving Financial Arrangements
Finance Act 2006 (2006 c 25) | Legislation

SCHEDULE 6 Avoidance Involving Financial Arrangements

Section 76

Repeal of rent factoring provisions

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(1)     Sections 43A to 43G of ICTA (rent factoring) shall cease to have effect.

(2)     The amendment made by this paragraph has effect in relation to transactions entered into on or after 6th June 2006.

Dividend stripping: subsequent sales etc of rights to receive dividends etc

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(1)     Section 730 of ICTA (transfers of rights to receive distributions in respect of shares) is amended as follows.

(2)     Omit subsection (3) (proceeds of subsequent sales etc of rights to receive distributions not to be regarded as income of the seller etc).

(3)     The amendment made by this paragraph has effect in relation to sales or other realisations on or after 20th January 2006.

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Structured finance arrangements: chargeable gains treatment of acquisitions and disposals

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(1)

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