Related Commentary  Related CasesRelated HMRC Manuals

263A(A1)  For the purposes of this section there is a repo in respect of securities if–

(a)a person (“the original owner”) has agreed to sell the securities to another person (“the interim holder”), and

(b)the original owner or a person connected with the original owner–

(i)is required to buy back the securities by the agreement or a related agreement,

(ii)is required to buy back the securities as a result of the exercise of an option acquired under the agreement or a related agreement, or

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