Section 151H IntroductionF1

(1)

This Chapter makes provision about the treatment of alternative finance arrangements F2... and alternative finance return under such arrangements for the purposes of this Act (see sections 151T to 151Y).

(2)

In this Chapter “alternative finance arrangements” means—

(a)

purchase and resale arrangements,

(b)

diminishing shared ownership arrangements,

(c)

deposit arrangements,

(d)

profit share agency arrangements, and

(e)

investment bond arrangements.

(3)

In this Chapter—

(a)

“purchase and resale arrangements” means arrangements to which section 151J applies,

(b)

“diminishing shared ownership arrangements” means arrangements to which section 151K F3or 151KA applies,

(c)

“deposit arrangements” means arrangements to which section 151L applies,

(d)

“profit share agency arrangements” means arrangements to which section 151M applies, and

(e)

“investment bond arrangements” means arrangements to which section 151N applies.

(4)

For the meaning of “alternative finance return”, see sections 151P to 151S.

(5)

For the meaning of “financial institution”, see section 151I.

(6)

Also, see—

(a)

section 366 of TIOPA 2010 (power to extend this Chapter and other provisions to other arrangements by order), and

(b)

Schedule 61 to FA 2009 (alternative finance investment bonds) which makes further provision about the treatment of investment bond arrangements for the purposes of this Act.

Annotations

Textual amendments

F1: Pt. 4 Ch. 4 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. 28 (with Sch. 9 paras. 1-9, 22)
F2: Words in s. 151H(1) omitted (24.5.2022) by virtue of The Alternative Finance (Income Tax, Capital Gains Tax and Corporation Tax) Order 2022 (S.I. 2022/572), arts. 1(2), 8(1) (with art. 1(3))
F3: Words in s. 151H(3)(b) inserted (with effect in accordance with Sch. 7 para. 4 of the amending Act) by Finance Act 2025 (c. 8), Sch. 7 paras. 3(2), 4

Notes on Part IV

Modifications

C1: Pt. IV: power to modify conferred (7.4.2005) by Finance Act 2005 (c. 7), s. 21(8)-(10)

Notes on Chapter 4

Modifications

C1: Pt. 4 Ch. 4 applied (with modifications) (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. 9 para. 40 (with Sch. 9 paras. 1-9, 22)