Corporation Tax Act 2009 section 486F

Introduction to Chapter

Section 486F introduces the chapter that explains how the loan relationships rules in Part 5 apply when a company receives an income stream that has been transferred to it.

• This chapter applies the loan relationships rules (Part 5) to a company that receives a transferred income stream (referred to as "the transferee").
• An "income stream transfer" is a transfer made by another person (the "transferor") that falls within specific anti-avoidance provisions.
• The transfer may be made by a company, in which case it is covered by Chapter 1 of Part 16 of CTA 2010 (transfers of income streams by companies).
• Alternatively, the transfer may be made by an individual, in which case it is covered by Chapter 5A of Part 13 of ITA 2007 (transfers of income streams by individuals).