[CFM77030] Other tax rules on corporate debt: transfers of income streams: company transferors
Company transferors: what they transfer
Paragraph 1: transfer of right to ‘relevant receipts’
The provisions in CTA10/S753(3) apply where a company transfers a right to ‘relevant receipts’ to a person and this transfer is not the consequence of the transfer of the asset from which the receipts arise. In other words the provisions apply to the sale of an income stream where the seller retains the underlying asset from which the income arises.