Taxation (International and Other Provisions) Act 2010 section 259

Minor definitions

Section 259 provides supplementary definitions of certain terms used elsewhere in the transfer pricing and related provisions of the Act.

• This section gathers together minor definitions that support the interpretation of the transfer pricing rules and related provisions.
• The term "security" is defined by reference to the meaning given in section 1117(1) of the Corporation Tax Act 2010, ensuring consistency across the tax code.
• These definitions originally derived from several provisions in the Finance (No 2) Act 2005, which were consolidated into this single interpretative section.
• The section serves a purely technical, housekeeping function — it does not create new rules but ensures that terms used in the main operative provisions are clearly and consistently defined.