Skip to content
Solved
SearchBrowse
Sign in

Contents

Legislation
Corporation Tax Act 2009

Crossheading Meaning of “alternative finance return”

  • Section 511 Purchase and resale arrangements
  • Section 512 Diminishing shared ownership arrangements
  • Section 513 Other arrangements
  1. Meaning of “alternative finance return”
  2. Other arrangements

Section 513 | Other arrangements

From legislation.gov.uk

(1)In the case of deposit arrangements, amounts paid or credited as mentioned in section 505(1)(c) by a financial institution under the arrangements (payments to depositor out of profits resulting from use of money) are alternative finance return for the purposes of this Part.

(2)In the case of profit share agency arrangements, amounts paid or credited by a financial institution in accordance with such an entitlement as is mentioned in section 506(1)(c) (principal's entitlement to profits under the arrangements) are alternative finance return for the purposes of this Part.

(3)In the case of investment bond arrangements, the additional payments under the arrangements are alternative finance return for the purposes of this Part.

(4)In subsection (3) “additional payments” has the same meaning as in section 507 (see subsection (1)(d)(iii) of that section).

PreviousNext
PrivacyTerms