text_body: --- DIVISION TITLE ---
  
  Finance Bill &#8212; Schedule 8 &#8212; Financing of companies etc: transfer pricing and loan relationships
  
  --- MOTION EFFECT ---
  
  <p>This division occurred on an amendment proposed by the Conservative front bench to the Finance Bill, which enacts the Budget provisions. The amendment affected Schedule 8 of the Bill which concerns the Transfer Pricing Rules that establish the tax liabilities of private equity finance companies. The Transfer Pricing Rules exist to stop abusive financing transactions whereby the prices for a transaction are set artificially.</p>
  
  <p>The particular amendment was to restrict the application of the Transfer Pricing Rules where a UK company is taken over, so that the Rules only applied where the company that was taking over actually owned shares in the companies that were being taken over.</p>
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)