Corporation Tax Act 2010 section 814

Other interpretation

Section 814 provides key definitions and interpretative rules used throughout the provisions dealing with arrangements for the transfer of income arising from securities.

• Defines essential terms such as "interest," "securities," and "relevant person" for the purposes of the transfer of income provisions.
• Clarifies the meaning of arrangements involving the transfer of rights to receive income from securities, including what constitutes a "transfer" in this context.
• Establishes how to determine whether a person is connected with, or has an interest in, the arrangements being considered.
• Draws together interpretative rules originally found across multiple legislative sources to provide a single point of reference for these provisions.