# Corporation Tax Act 2010, Section 755: Exception: transfer by way of security


(1) This Chapter does not apply if—
(a) the consideration for the transfer is the advance under a type 1 finance arrangement, and
(b) the transferor is, or is a member of a partnership which is, the borrower in relation to the arrangement.
(2) This Chapter does not apply if—
(a) the consideration for the transfer is the advance under a type 2 finance arrangement or a type 3 finance arrangement, and
(b) the transferor is a member of the partnership which receives that advance under the arrangement.
(3) In this section—
“type 1 finance arrangement” has the meaning given for the purposes of Chapter 2 by section 758,
“type 2 finance arrangement” has the meaning given for the purposes of Chapter 2 by section 763, and
“type 3 finance arrangement” has the meaning given for the purposes of Chapter 2 by section 767.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/755 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-755
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.