Part 1 New Part 10A of ITA 2007
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

SCHEDULE 2 Alternative Finance Arrangements

Section 365

Part 1 New Part 10A of ITA 2007

1

ITA 2007 is amended as follows.

2

After Part 10 insert—

“Part 10A
Alternative Finance Arrangements
Introduction
564´¡Ìý±õ²Ô³Ù°ù´Ç»å³Ü³¦³Ù¾±´Ç²Ô

(1)     This Part—

(a)     contains provisions about the treatment as interest for certain income tax purposes of alternative finance return under alternative finance arrangements with financial institutions (see sections 564M to 564Q), and

(b)     contains some special provisions about the treatment of investment bond arrangements (see sections 564R to 564U) and some other rules about alternative finance arrangements (see sections 564V to 564Y).

(2)     In this Part “alternative finance arrangements†means—

(a)     purchase and resale arrangements,

(b)     diminishing shared ownership arrangements,

(c)     deposit arrangements,

(d)     profit share agency arrangements, and

(e)     investment bond arrangements.

(3)     In this Part—

(a)     “purchase and resale arrangements†means arrangements to which section 564C applies,

(b)     “diminishing shared ownership arrangements†means arrangements to which section 564D applies,

(c)     “deposit arrangements†means arrangements to which section 564E applies,

(d)     “profit share agency arrangements†means arrangements to which section 564F applies, and

(e)     “investment bond arrangements†means arrangements to which section 564G applies.

(4)

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