- Latest available (Revised)
- Point in Time (01/04/2010)
- Original (As enacted)
Corporation Tax Act 2010
You are here:
- UK Public General Acts
- 2010 c. 4
- Part 17
- Chapter 5
- Interpretation
What Version
Advanced Features
- Show Geographical Extent(e.g. England, Wales, Scotland and Northern Ireland)
- Show Timeline of Changes
Opening Options
More Resources
Changes over time for: Cross Heading: Interpretation
Version Superseded: 19/07/2011
Alternative versions:
- 01/04/2010- Amendment
- 01/04/2010
Point in time - 19/07/2011- Amendment
Status:
Point in time view as at 01/04/2010.
Changes to legislation:
There are currently no known outstanding effects for the Corporation Tax Act 2010, Cross Heading: Interpretation.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
InterpretationU.K.
805“Stock lending arrangement”U.K.
(1)For the purposes of this Chapter there is a stock lending arrangement in respect of securities if—
(a)a person (“the lender”) has transferred the securities to another person (“the borrower”) otherwise than by way of sale,
(b)the securities are UK shares, UK securities or overseas securities,
(c)the transfer is under an arrangement between the lender and the borrower, and
(d)under the arrangement, the borrower is required to transfer the securities back to the lender otherwise than by way of sale.
(2)The reference in subsection (1)(d) to the transfer of the securities back to the lender includes a reference to—
(a)a transfer within subsection (3), and
(b)a payment within subsection (5).
(3)A transfer is within this subsection if it is a transfer to the lender of securities of the same description as the securities—
(a)in accordance with a requirement to do so, or
(b)in exercise of a power to substitute securities of the same description for the securities that are required to be transferred back.
(4)For the purposes of subsection (3), securities are taken to be of the same description as other securities if (and only if) they—
(a)are in the same quantities,
(b)give the same rights against the same persons, and
(c)are of the same type and nominal value,
as the other securities.
(5)A payment is within this subsection if it is a payment to the lender, in pursuance of a redemption obligation, of an amount equal to the amount of the entitlement under the redemption obligation.
(6)A redemption obligation is an obligation that arises on a person's becoming entitled to receive an amount in respect of the redemption of the securities.
806Section 805: supplementaryU.K.
(1)In section 805 “UK securities” means securities of—
(a)the government of the United Kingdom,
(b)a local authority in the United Kingdom,
(c)another public authority in the United Kingdom, or
(d)a UK resident company or other UK resident body.
(2)But in that section “UK securities” does not include UK shares.
(3)In subsection (1) “securities” includes loan stock or any similar security.
807“Creditor repo”, “creditor quasi-repo”, “debtor repo” and “debtor quasi-repo”U.K.
In this Chapter each of the following expressions has the same meaning as in Chapter 10 of Part 6 of CTA 2009—
“creditor repo” (see section 543 of that Act),
“creditor quasi-repo” (see section 544 of that Act),
“debtor repo” (see section 548 of that Act),
“debtor quasi-repo” (see section 549 of that Act).
Options/Help
Print Options
PrintThe Whole Act
PrintThe Whole Part
PrintThe Whole Chapter
PrintThis Cross Heading only
You have chosen to open The Whole Act
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
You have chosen to open The Whole Act as a PDF
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
You have chosen to open The Whole Act without Schedules
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
You have chosen to open The Whole Act without Schedules as a PDF
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
You have chosen to open the Whole Act
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
You have chosen to open the Whole Act without Schedules
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
You have chosen to open Schedules only
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
See additional information alongside the content
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Opening Options
Different options to open legislation in order to view more content on screen at once
Explanatory Notes
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
More Resources
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- correction slips
Click 'View More' or select 'More Resources' tab for additional information including:
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- links to related legislation and further information resources
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.