# Taxation (International and Other Provisions) Act 2010, Paragraph 26


After section 564X insert—
“Provision not at arm's length: relevant return
564Y (1) This section applies if arrangements to which section 564H (provision not at arm's length: exclusion of arrangements from sections 564C to 564G) applies would, but for that section, be alternative finance arrangements.
(2) A person paying relevant return under the arrangements is not entitled to—
(a) any deduction in respect of the relevant return in calculating profits or other income for income tax purposes, or
(b) any deduction in respect of the relevant return in calculating net income.
(3) In this section “relevant return” has the same meaning as in section 564H (see subsection (3) of that section).”

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Source: https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/26 (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/schedule-2/paragraph-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.