Part 2: New Chapter 4 of Part 4 of TCGA 1992
789.This Part of the Schedule inserts the necessary rules for capital gains tax as Chapter 4 of Part 4 of TCGA.
Sections 151H to 151S: Meaning of alternative finance arrangements etc
790.The inserted sections 151H to 151S of TCGA, containing the definitions of alternative finance arrangements and alternative finance return, perform the same function for the purposes of TCGA as the inserted sections 564A to 564L of ITA do for income tax.
Section 151T: Investment bond arrangements are qualifying corporate bonds
791.This section ensures that investment bond arrangements are treated as qualifying corporate bonds for the purposes of TCGA. It is based on section 48B(4) of FA 2005.
792.CTA 2009 inserted a reference in section 117(6D) of TCGA to add a reference to section 507 of CTA 2009 alongside the reference to section 48A of FA 2005. Part 7 of Schedule 8 rewrites section 117(6D) of TCGA to conform to the new structure.
Sections 151U to 151Y: Rules for investment bond arrangements and other rules
793.The inserted sections 151U to 151Y of TCGA set out a number of consequences for the purposes of TCGA, equivalent to the inserted sections 564S to 564W of ITA for income tax.
