SCHEDULES

Part 12Factoring of income etc

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

44In 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)”.