503 Purchase and resale arrangements
Corporation Tax Act 2009 (2009 c 4) | Legislation

Arrangements that are alternative finance arrangements

503  Purchase and resale arrangements

(1)     This section applies to arrangements if—

(a)     they are entered into between two persons (“the first purchaser” and “the second purchaser”), [and—

(i)     at least one of those persons is a financial institution, or

(ii)     the arrangements are regulated electronic system facilitated arrangements, and]

(b)     under the arrangements—

(i)     the first purchaser purchases an asset and sells it to the second purchaser,

(ii)     the sale occurs immediately after the purchase or in the circumstances mentioned in subsection (2),

(iii)     all or part

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Pre-trial and case management hearings in the Crown Court

Pre-trial and case management hearings in the Crown CourtCoronavirus (COVID-19): This Practice Note contains guidance on subjects impacted by the Coronavirus Act 2020 (CA 2020). CA 2020, among other measures, makes provision for the extended use of live links and audio links in criminal proceedings.

LEXISNEXIS

Violent disorder

Violent disorderThe offence of violent disorderViolent disorder can be tried in the magistrates' court or the Crown Court. These offences will normally be dealt with in the Crown Court. However, there may be cases involving minor violence or threats of violence leading to no or minor injury, with

LEXISNEXIS

Transferred malice

Transferred maliceThe principle of transferred maliceIf a person has a malicious intent towards X and, in carrying out that intent, injures Y, he is guilty of an offence. So, if D shoots at A with intent to kill him but kills B by mistake it is murder; the mistake as to the identity of the victim is

LEXISNEXIS

Introduction to passing off

Unlike many other countries, the UK has no unfair competition law. Brand owners seeking to prevent competitors from marketing ‘copycat’ products or using misleading advertising have to rely on a combination of different intellectual property rights. These rights include the common law right to