SCHEDULES

SCHEDULE 2Alternative finance arrangements

Part 1New Part 10A of ITA 2007

22

After section 564T insert—

564UArrangements not unit trust scheme or offshore fund

Investment bond arrangements are not—

a

a unit trust scheme for the purposes of section 1007 of this Act, or

b

an offshore fund for the purposes of section 354 of TIOPA 2010 so far as relating to income tax.