# Taxation (International and Other Provisions) Act 2010, Paragraph 273


For section 809AZE (transfers of income streams: exception for transfer by way of security) substitute—
“Exception: transfer by way of security
809AZE (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 5B by section 809BZA,
“type 2 finance arrangement” has the meaning given for the purposes of Chapter 5B by section 809BZF, and
“type 3 finance arrangement” has the meaning given for the purposes of Chapter 5B by section 809BZJ.”

---
Source: https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/273 (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/schedule-8/paragraph-273
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.