Section 564M Treatment of alternative finance return as interest for ITTOIA 2005F1
(1)
Alternative finance return is treated as interest for the purposes of ITTOIA 2005.
(2)
References to interest in section 380 of that Act (funding bonds) include references to alternative finance return.
Annotations
Textual amendments
- F1
S. 564M and cross-heading inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 2 para. 14 (with Sch. 9 paras. 1-9, 22)
Notes on Part 10A
Textual amendments
- F1
Pt. 10A inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 2 para. 2 (with Sch. 9 paras. 1-9, 22)