Paragraph 5 Payments of interest on loans and alternative finance payments
(1)
“Owner-occupier payments” means—
(a)
payments of interest on a loan which qualifies under sub-paragraph (2);
(b)
alternative finance payments within the meaning of sub-paragraph (3).
(2)
A loan qualifies under this sub-paragraph if it is secured on the relevant accommodation.
(3)
“Alternative finance payments” means payments that are made under alternative finance arrangements which were entered into to enable a person to acquire an interest in the relevant accommodation.
(4)
“Alternative finance arrangements” has the meaning given in Part 10A of the Income Tax Act 2007f1.
Annotations
Footnotes
- f1
2007 c. 3. Part 10A was inserted by section 365 of, and Part 1 of Schedule 2 to, the Taxation (International and Other Provisions) Act 2010 (c. 8).