PART IXU.K. ANNUAL PAYMENTS AND INTEREST

Relief for payments of interest (excluding MIRAS)U.K.

Valid from 01/04/2010

[F1367AAlternative finance arrangementsU.K.

(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.]

Textual Amendments

F1S. 367A inserted (1.4.2010 with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), Sch. 2 para. 47 (with Sch. 9)