Part 2 New Chapter 4 of Part 4 of TCGA 1992
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

Part 2 New Chapter 4 of Part 4 of TCGA 1992

27

TCGA 1992 is amended as follows.

28

After Chapter 3 of Part 4 insert—

“Chapter 4
Alternative Finance Arrangements

Introduction

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(1)     This Chapter makes provision about the treatment of alternative finance arrangements with financial institutions and alternative finance return under such arrangements for the purposes of this Act (see sections 151T to 151Y).

(2)     In this Chapter “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 Chapter—

(a)     “purchase and resale arrangements†means arrangements to which section 151J applies,

(b)     “diminishing shared ownership arrangements†means arrangements to which section 151K applies,

(c)     “deposit arrangements†means arrangements to which section 151L applies,

(d)     “profit share agency arrangements†means arrangements to which section 151M applies, and

(e)     “investment bond arrangements†means arrangements to which section 151N applies.

(4)     For the meaning of “alternative finance returnâ€, see sections 151P to 151S.

(5)     For the meaning of “financial institutionâ€, see section 151I.

(6)     Also, see—

(a)     section 366 of TIOPA 2010 (power

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