Taxation (International and Other Provisions) Act 2010 Schedule 10 Part 7

Alternative finance arrangements

Schedule 10 Part 7 lists the provisions from earlier legislation that are repealed or revoked as a consequence of the alternative finance arrangements rules being rewritten and consolidated into the Taxation (International and Other Provisions) Act 2010.

• Provisions relating to alternative finance arrangements from the Finance Acts 2005, 2006, 2007, 2008 and 2009 are repealed, as their content has been rewritten into the 2010 Act.
• Section 151F of the Taxation of Chargeable Gains Act 1992 (dealing with capital gains treatment of alternative finance arrangements) is repealed.
• Relevant provisions of the Corporation Tax Act 2009 and the Income Tax Act 2007, including consequential amendment paragraphs, are repealed.
• Two statutory instruments — the Employment Income (Meaning of Securities) Order 2007 and the Alternative Finance Arrangements (Community Investment Tax Relief) Order 2008 — are revoked in their entirety.