Taxation (International and Other Provisions) Act 2010 section 365

Alternative finance arrangements

Section 365 introduces Schedule 2, which establishes the income tax and capital gains tax rules for alternative finance arrangements by inserting new provisions into existing tax legislation.

• Schedule 2 inserts a new Part 10A into the Income Tax Act 2007, setting out income tax rules for alternative finance arrangements
• Schedule 2 also inserts a new Chapter 4 into Part 4 of the Taxation of Chargeable Gains Act 1992, covering the capital gains tax treatment of these arrangements
• Additional consequential amendments to other legislation are made by Part 3 of the Schedule
• The section itself is purely introductory and contains no substantive rules — all the detail is found in Schedule 2