PART IX ANNUAL PAYMENTS AND INTEREST

Relief for payments of interest (excluding MIRAS)

367AF1Alternative finance arrangements

1

Sections 353 and 365 have effect as if—

a

purchase and resale arrangements involved the making of a loan, and

b

alternative finance return were interest.

2

Section 366 has effect accordingly.

3

In this section—

  • “alternative finance return” has the meaning given in sections 564I to 564L of ITA 2007, and

  • “purchase and resale arrangements” means arrangements to which section 564C of ITA 2007 applies.