Income Tax (Trading and Other Income) Act 2005 section 834

Arrangements treated as repayment of UK-linked debts

Section 834 dealt with arrangements that were treated as the repayment of debts linked to the United Kingdom, but has since been removed from the legislation.

• Section 834 originally addressed situations where certain arrangements were deemed to constitute the repayment of UK-linked debts for income tax purposes.
• The section was omitted from the legislation by the Finance Act 2008, specifically through Schedule 7, paragraph 54.
• The removal took effect from the 2008–09 tax year onwards, meaning the provision has had no application from that year forward.
• For any tax years prior to 2008–09, the original provisions of section 834 would still have applied to relevant arrangements in those earlier periods.