SCHEDULE 7Alternative property finance relief

PART 5Interpretation

Interpretation

I125

1

In this schedule “financial institution” has the meaning given by section 564B of the Income Tax Act 2007 (c.3).

2

For this purpose section 564B(1) applies as if paragraph (d) were omitted.

I226

In this schedule—

  • “arrangements” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable),

  • references to a person are to be read, in relation to times after the death of the person concerned, as references to the person's personal representatives.