Section 1019 | Relevant alternative finance return

(1)Relevant alternative finance return is not treated by virtue of section 1015(4) as being a distribution for the purposes of the Corporation Tax Acts.

(2)For corporation tax purposes “relevant alternative finance return” in subsection (1) means—

(a)anything that is alternative finance return for the purposes of Part 6 of CTA 2009 as a result of section 513 of that Act, or

(b)any part of the redemption payment under arrangements to which section 507 of CTA 2009 (investment bond arrangements) applies.

(3)For income tax purposes “relevant alternative finance return” in subsection (1) means—

(a)anything that is alternative finance return for the purposes of Part 10A of ITA 2007 as a result of section 564L of that Act, or

(b)any part of the redemption payment under arrangements to which section 564G of ITA 2007 (investment bond arrangements) applies.