Taxation (International and Other Provisions) Act 2010 Explanatory Notes

Section 564V: Exclusion of alternative finance return from consideration for sale of assets

784.This section ensures that where assets are sold under certain types of alternative finance arrangement, the alternative finance return is excluded from the consideration for the sale and purchase. It is based on section 53 of FA 2005. The corresponding provision for corporation tax is section 514 of CTA 2009.

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