SCHEDULES

SCHEDULE 9Transitionals and savings etc

Part 12Factoring of income etc

44Application of section 809CZC of ITA 2007 (income-transfer under loan or credit transaction)

In relation to a transfer before 22 April 2009, section 809CZC(4) of ITA 2007 (which is inserted by Schedule 5 to this Act) has effect as if—

a

after “the person” there were inserted “assigns,” and

b

after “it” there were inserted “(without a sale or transfer of the property)”.