Schedule 38 Sale and repurchase of securities etc
United Kingdom
- Increase of repurchase price of UK securities by amount of deemed manufactured dividend
- Deemed manufactured payment where transferor or connected person makes payment representative of dividend
- Provisions to cover both “put” and “call” options
- Option premium to be reflected in sale price unless brought into account under derivative contracts provisions
- Exchange gains and losses
- Exceptions
- Connected persons
- Correction of section 730A(6B) of the Taxes Act 1988
- Commencement