Paragraph 47

After section 367 insert—

“Alternative finance arrangements

367A

(1)

Sections 353 and 365 have effect as if—

(a)

purchase and resale arrangements involved the making of a loan, and

(b)

alternative finance return were interest.

(2)

Section 366 has effect accordingly.

(3)

In this section—

• “alternative finance return” has the meaning given in sections 564I to 564L of ITA 2007, and

• “purchase and resale arrangements” means arrangements to which section 564C of ITA 2007 applies.”