Taxation of Chargeable Gains Act 1992 section 151F

Treatment of alternative finance arrangements

Section 151F dealt with the capital gains tax treatment of alternative finance arrangements, but has been repealed and its provisions relocated to other legislation.

• Section 151F addressed how alternative finance arrangements (such as Sharia-compliant financial products) were treated for chargeable gains purposes.
• The section was originally inserted by the Corporation Tax Act 2009.
• It was repealed by the Taxation (International and Other Provisions) Act 2010, which consolidated and relocated these rules.
• The repeal took effect for corporation tax purposes from accounting periods ending on or after 1 April 2010, and for income tax and capital gains tax purposes from the 2010–11 tax year onwards.