# Income Tax (Trading and Other Income) Act 2005, Section 259: Meaning of “statutory insolvency arrangement”

Extent: E+W+S+N.I.

In this Part “statutory insolvency arrangement” means—
(a) a voluntary arrangement that has taken effect under or as a result of the Insolvency Act 1986, the Insolvency (Northern Ireland) Order 1989 or schedule 4 to the Bankruptcy (Scotland) Act 2016,
(b) a compromise or arrangement that has taken effect under Part 26 or 26A of the Companies Act 2006,
(c) any arrangement or compromise of a kind corresponding to any of those mentioned in paragraph (a) or (b) that has taken effect under or by virtue of the law of a country or territory outside the United Kingdom.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/259 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-259
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.