{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-512",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-512.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/512",
  "kind": "section",
  "number": "512",
  "heading": "Diminishing shared ownership arrangements",
  "text": "(1) In the case of diminishing shared ownership arrangements, payments by the customer under the arrangements are alternative finance return for the purposes of this Part, except so far as subsection (2) or (3) applies to them.\n(2) This subsection applies to the payments so far as they amount to payments of the kind described in or 504A(1)(d) or (2)(c) (payments to be made by the customer to the financier, amounting to the consideration paid for the acquisition of the the financier’s beneficial interest).\n(3) This subsection applies to the payments so far as they amount to payments in respect of any arrangement fee or legal or other expenses which the customer is required under the arrangements to pay.\n(4) In this section “the customer” has the same meaning as in section 504 or 504A.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 512 substituted (with effect in accordance with Sch. 7 para. 4 of the amending Act) by Finance Act 2025 (c. 8), Sch. 7 paras. 2(6)(a), 4"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 512(2) inserted (with effect in accordance with Sch. 7 para. 4 of the amending Act) by Finance Act 2025 (c. 8), Sch. 7 paras. 2(6)(b)(i), 4"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 512(2) substituted (with effect in accordance with Sch. 7 para. 4 of the amending Act) by Finance Act 2025 (c. 8), Sch. 7 paras. 2(6)(b)(ii), 4"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in s. 512(2) substituted (with effect in accordance with Sch. 7 para. 4 of the amending Act) by Finance Act 2025 (c. 8), Sch. 7 paras. 2(6)(b)(iii), 4"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in s. 512(4) inserted (with effect in accordance with Sch. 7 para. 4 of the amending Act) by Finance Act 2025 (c. 8), Sch. 7 paras. 2(6)(c), 4"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/512",
    "retrieved_at": "2026-10-29T09:11:19.560467+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}