CFM38020 - Loan relationships: tax avoidance: overview: other anti-avoidance rules

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Other tax avoidance rules

Apart from the 바카라 사이트˜unallowable purposes바카라 사이트™ rule, the arm바카라 사이트™s length rules and the regime-wide anti avoidance rule (CFM38010), there are a number of other rules, in the loan relationships legislation and elsewhere, intended to address avoidance schemes.

  • The 바카라 사이트˜disguised interest바카라 사이트™ rules in CTA09/PT6/CH2A (CFM42000), which are a successor to the 바카라 사이트˜shares as debt바카라 사이트™ rules formerly in CT09/PT6/CH7 (CFM45000). Note that these rules take precedence over the arbitrage바카라 사이트™ rules involving 바카라 사이트˜hybrid securities F(No.2)A05/SCH3).
  • The 바카라 사이트˜transfers of income streams바카라 사이트™ rules in FA09/SCH25 (CFM77000).
  • 바카라 사이트˜Late-paid바카라 사이트™ interest (CFM35800).
  • Company migration (CFM33250).
  • 바카라 사이트˜Structured finance arrangements바카라 사이트™ or 바카라 사이트˜factoring바카라 사이트™ legislation (CFM73000).
  • Index-linked gilt-edged securities (CFM39100)
  • Derecognition schemes (CFM39200)
  • Group mismatch schemes (CFM77500)

Repealed anti-avoidance rules

  • The following tax avoidance rules have been repealed by F(No.2)A15, as a result of the introduction of the {RAAR}:
  • Artificial payments of interest - CTA09/S443 (CFM39020)
  • Reset bonds - CTA09/S454 (CFM39040)
  • Consideration not fully recognised by accounting practice - CTA09/S455 (CFM39080)
  • Connected parties deriving benefit from creditor relationships (CFM39035)
  • In addition, the rule addressing mismatches from convertible loans and other hybrid securities between connected companies (CFM37730) has been repealed by FA11.