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Taxation (International and Other Provisions) Act 2010

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Changes over time for: Paragraph 44

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Point in time view as at 15/09/2016.

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There are currently no known outstanding effects for the Taxation (International and Other Provisions) Act 2010, Paragraph 44. Help about Changes to Legislation

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44U.K.After section 151W insert—

Other rulesU.K.

151XExclusion of some alternative finance return from sale consideration

(1)If under purchase and resale arrangements an asset is sold by one party to the arrangements to the other party, the alternative finance return is excluded in determining the consideration for the sale and purchase of the asset for the purposes of this Act so far as it applies for capital gains tax (apart from section 151J).

(2)If under diminishing shared ownership arrangements an asset is sold by one party to the arrangements to the other party, the alternative finance return is excluded in determining the consideration for the sale and purchase of the asset for the purposes of this Act so far as it applies for capital gains tax (apart from section 151K).

(3)If under investment bond arrangements an asset is sold by one party to the arrangements to the other party, the alternative finance return is excluded in determining the consideration for the sale and purchase of the asset for the purposes of this Act so far as it applies for capital gains tax (apart from section 151N).

(4)Subsections (1) to (3) do not affect the operation of any provision of this Act or the Tax Acts that provides that the consideration for a sale or purchase is taken for any purpose to be an amount other than the actual consideration.

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