PART 2UC claimants
Application of Part 2
4. This Part applies to UC claimants.
Payments of interest on loans and alternative finance payments
5.—(1) “Owner-occupier payments” means—
(a)payments of interest on a loan which qualifies under sub-paragraph (2);
(b)alternative finance payments within the meaning of sub-paragraph (3).
(2) A loan qualifies under this sub-paragraph if it is secured on the relevant accommodation.
(3) “Alternative finance payments” means payments that are made under alternative finance arrangements which were entered into to enable a person to acquire an interest in the relevant accommodation.
(4) “Alternative finance arrangements” has the meaning given in Part 10A of the Income Tax Act 2007(1).
2007 c. 3. Part 10A was inserted by section 365 of, and Part 1 of Schedule 2 to, the Taxation (International and Other Provisions) Act 2010 (c. 8).