F1Part 10AAlternative finance arrangements
Annotations:
Amendments (Textual)
F2Other rules
Annotations:
Amendments (Textual)
F2
S. 564V 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. 23 (with Sch. 9 paras. 1-9, 22)
564XF3Treatment of principal under profit share agency arrangements
1
The principal under profit share agency arrangements is not treated for the purposes of the Income Tax Acts as entitled to profits to which the agent is entitled in accordance with section 564F(1)(e).
2
And the agent under such arrangements is treated for those purposes as entitled to those profits and the profits specified in section 564F(1)(d).
3
In this section “the principal” and “the agent” are to be read in accordance with section 564F.
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)