Schedule 6 Avoidance involving financial arrangements

United Kingdom

1. Repeal of rent factoring provisions
2. Dividend stripping: subsequent sales etc of rights to receive dividends etc
3. Deemed interest: cash collateral under stock lending arrangements
4. Quasi-stock lending arrangements and quasi-cash collateral
5. Multiple holders of securities subject to sale and repurchase agreement: no relief for deemed manufactured payments
6. Structured finance arrangements: factoring of income receipts etc
7. Rent factoring of leases of plant or machinery
8. Transactions associated with loans or credit
9. Structured finance arrangements: chargeable gains treatment of acquisitions and disposals
10. Loan relationships: mandatory convertibles
11. Loan relationships: computation in accordance with generally accepted accounting practice
12. Loan relationships: amounts not fully recognised for accounting purposes
13. Shares treated as loan relationships: shares subject to outstanding third party obligations
14. Shares treated as loan relationships: application of rules to non-qualifying shares
15. Shares treated as loan relationships: redeemable shares
16. Creditor relationships and benefit derived by connected persons
17. Loan relationships: money debts etc not arising from the lending of money
18. Loan relationships: meaning of “fair value” in Chapter 2 of Part 4 of FA 1996
19. Loan relationships: continuity of treatment of groups etc
20. Loan relationships: repo and stock-lending arrangements
21. Derivative contracts: computation in accordance with generally accepted accounting practice
22. Derivative contracts: transactions within groups
23. Derivative contracts: transactions within groups (fair value accounting)
24. Derivative contracts: meaning of “fair value” in Schedule 26 to FA 2002