# The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2006, Regulation 20


(1) The financial products specified in this paragraph are—
(a) a loan,
(b) a share,
(c) a derivative contract within the meaning given by section 576 of CTA 2009,
(d) a repo in respect of securities within the meaning given by section 263A(A1) of TCGA 1992,
(e) a creditor repo, creditor quasi-repo, debtor repo or a debtor quasi-repo (within the meanings given by sections 543, 544, 548 and 549 of CTA 2009 respectively),
(f) a stock lending arrangement within the meaning given by section 263B(1) of TCGA 1992,
(g) an alternative finance arrangement within Chapter 6 of Part 6 of CTA 2009 or Part 10A of ITA 2007,
(h) a contract which, whether alone or in combination with one or more other contracts—
(i) is in accordance with generally accepted accounting practice required to be treated as a loan, deposit or other financial asset or obligation, or
(ii) would be required to be so treated by the person entering into the arrangements were that person a company to which the Companies Act 2006 applies.
(2) Paragraph (1) does not specify a financial product held within an account which satisfies the conditions in regulation 4 of the Individual Savings Account Regulations 1998.

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Source: https://www.legislation.gov.uk/uksi/2006/1543/regulation/20 (the official version)
Page: https://openlegislation.uk/tax-avoidance-schemes-prescribed-descriptions-of-arrangements-regulations-2006/regulation-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.