Part 23Company distributions
Chapter 2Matters which are distributions
Distributions in respect of special securities
1019Relevant alternative finance return
1
Relevant alternative finance return is not treated by virtue of section 1015(4) as being a distribution for the purposes of the Corporation Tax Acts.
2
For corporation tax purposes “relevant alternative finance return” in subsection (1) means—
a
anything that is alternative finance return for the purposes of Part 6 of CTA 2009 as a result of section 513 of that Act, or
b
any part of the redemption payment under arrangements to which section 507 of CTA 2009 (investment bond arrangements) applies.
3
For income tax purposes “relevant alternative finance return” in subsection (1) means—
a
anything that is alternative finance return for the purposes of Part 10A of ITA 2007 as a result of section 564L of that Act, or
b
any part of the redemption payment under arrangements to which section 564G of ITA 2007 (investment bond arrangements) applies.