Part 7Community investment tax relief

Chapter 6Supplementary and general

Alternative finance arrangements

256Meaning of “loan” and “interest”

1

In this Part—

a

references to a “loan” include references to alternative finance arrangements, and

b

references to “interest” include references to alternative finance return.

2

In subsection (1)—

  • “alternative finance arrangements” means arrangements to which any of the following applies—

    1. a

      section 503 of CTA 2009 (purchase and resale arrangements),

    2. b

      section 505 of that Act (deposit arrangements),

    3. c

      section 506 of that Act (profit share agency arrangements), and

  • “alternative finance return” has the meaning given by section 511 and 513(1) and (2) of that Act.

3

Subsection (1) needs to be read with—

a

section 257, in the case of arrangements to which section 503 of CTA 2009 applies,

b

section 258, in the case of arrangements to which section 505 of that Act applies, and

c

section 259, in the case of arrangements to which section 506 of that Act applies.