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HMRC internal manual

Corporate Finance Manual

From
HM Revenue & Customs
Updated
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Deemed loan relationships: repos: tax rules: creditor and creditor quasi-repos: further examples

Creditor repos and creditor quasi-repos: further examples

CFM46300 gives an example of a creditor repo where no income arises during the term of the repo.

CFM46310 gives an example of a creditor repo where income arises during the term of the repo and a manufactured payment is made (a ‘gross-paying’ transaction).

CFM46320 gives an example of a creditor repo where income arises during the term of the repo and no manufactured payment is made (a ‘net-paying’ transaction).

CFM46330 gives examples of creditor quasi-repos.

In each example the repo finance return rate is 6% per annum.