F1Part 10AAlternative finance arrangements
Annotations:
Amendments (Textual)
F2Special rules for investment bond arrangements
Annotations:
Amendments (Textual)
F2
S. 564R and cross-heading inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 2 para. 19 (with Sch. 9 paras. 1-9, 22)
564TF3Treatment as securities
1
Investment bond arrangements are securities for the purposes of the Income Tax Acts (including Chapters 1 to 5 of Part 7 of ITEPA 2003).
2
For those purposes—
a
a reference in an enactment to redemption is to be taken as a reference to making the redemption payment, and
b
a reference in an enactment to interest is to be taken as a reference to alternative finance return.
3
In subsection (2) “the redemption payment” has the same meaning as in section 564G (see subsection (1)(d)(ii) of that section).
Pt. 10A inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 2 para. 2 (with Sch. 9 paras. 1-9, 22)