{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-637",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-637.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/637",
  "kind": "section",
  "number": "637",
  "heading": "Transfer of rights to payment",
  "text": "(1) This section applies if—\n(a) the company or its liquidator transfers for value to another person the right to receive a sum arising from the deposit-taking trade, and\n(b) the sum is one which, if received by the company or its liquidator, would be a winding up receipt.\n(2) If the transfer is at arm's length, this Chapter has effect as if the amount or value of the consideration for the transfer were a winding up receipt arising from the deposit-taking trade.\n(3) If the transfer is not at arm's length, this Chapter has effect as if the value of the right transferred as between parties at arm's length were a winding up receipt arising from the deposit-taking trade.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/637",
    "retrieved_at": "2026-10-29T09:10:29.433154+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}