– see also Manufactured dividends and interest; Transfer of stocks and securities; Stocks and securities

Accrued income profits

Legislation/Regulatory – ITA2007 s. 653

Accrued income scheme

Commentary – Tax Reporter ¶335-300

Anti-avoidance provisions

Commentary – Tax Reporter ¶709-120

Arrangements

Commentary – Tax Reporter ¶127-175 ; Tax Reporter ¶565-200

Capital gains

Generally

Legislation/Regulatory – TCGA92 s. 263B

Insolvency of borrower

Legislation/Regulatory – TCGA92 s. 263CA

Redemption

Legislation/Regulatory – TCGA92 s. 263C

Caymans Island company share premium account, dividends paid out of

Case Law – First Nationwide [2010] TC 00339 ; First Nationwide v Revenue and Customs Commissioners. [2011] BTC 1,640 ; Revenue and Customs Commissioners v First Nationwide. [2012] BTC 99

Chargeable gains

Insolvency of borrower

Commentary – Tax Reporter ¶565-200

Deemed manufactured payments

Cash collateral, deemed interest

Legislation/Regulatory – ITA2007 Sch. 2, para. 112

Generally

Legislation/Regulatory – CTA2010 Sch. 2, para. 93, 94 ; FA2013 s. 76 ; ITA2007 Sch. 2, para. 111

Quasi-stock lending arrangements and quasi-cash collateral

Legislation/Regulatory – ITA2007 Sch. 2, para. 113

Euroconversion

Legislation/Regulatory – SI 1998/3177 reg. 20-23

Generally

Commentary – VAT Reporter ¶41-200(29) ; Tax Reporter ¶709-120

Gilt-edged securities

Commentary – Tax Reporter ¶565-200

Insolvency of borrower

Legislation/Regulatory – FA2009 Sch. 13, para. 4

Loan relationships

Commentary – Tax Reporter ¶717-220
Legislation/Regulatory – CTA2009 s. 332, 541, Sch. 2, para. 66 ; SI 2007/2483
HMRC Guidance – CFM74110

Manufactured interest payments, relief under accrued income scheme

Case Law – Barnes v Revenue and Customs Commissioners. [2012] BTC 1,688

Non-distributions

Commentary – Tax Reporter ¶743-800

Pension funds

Commentary – Tax Reporter ¶709-120

Redemption

Commentary – Tax Reporter ¶565-200

Redemption of securities

Legislation/Regulatory – TCGA92 s. 263C

Securities, further definitions

Commentary – Tax Reporter ¶565-200

Substantial shareholdings exemption

Legislation/Regulatory – TCGA92 Sch. 7AC, para. 13

Tax credits

None for borrower

Legislation/Regulatory – ITA2007 s. 592, Sch. 2, para. 108, 109

Transfer of securities, accrued income profits

Legislation/Regulatory – ITA2007 s. 653