Taxation (International and Other Provisions) Act 2010 Explanatory Notes

Section 564M: Treatment of alternative finance return as interest for ITTOIA 2005

773.This section directs that, for all purposes of ITTOIA, alternative finance return is to be taxed and relieved in the same way as interest. It is based on section 51(1) of, and paragraph 10 of Schedule 2 to, FA 2005.

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