Section 486F Introduction to ChapterF1

United Kingdom

(1)

This Chapter provides for Part 5 to apply in relation to a company to which an income stream transfer is made (“ the transferee ”).

(2)

An “income stream transfer” is a transfer by a person (“ the transferor ”) to which either of the following provisions applies—

(a)

F2Chapter 1 of Part 16 of CTA 2010 (transfers of income streams by companies), or

(b)

Chapter 5A of Part 13 of ITA 2007 (transfers of income streams by individuals).

Annotations

F1: Pt. 6 Ch. 2B inserted (with effect in accordance with Sch. 25 para. 10 of the amending Act) by Finance Act 2009 (c. 10), Sch. 25 para. 8(3)
F2: Words in s. 486F(2)(a) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 625 (with Sch. 2)

C1: Pt. 6 modified (for the tax year 2026-27 and subsequent tax years (but in relation to investment management services whenever performed)) by 2005 c. 5, Sch. A1 para. 35(7) (as inserted by Finance Act 2026 (c. 11), s. 58(6), Sch. 11 para. 1)