564NAlternative finance return under arrangements for trade or property business purposes

1

This section applies so far as a person is a party to alternative finance arrangements for the purposes of—

a

a trade, profession or vocation carried on by that person, or

b

a property business of that person.

2

Alternative finance return paid by that person is treated as an expense of the trade, profession, vocation or business.

3

In section 58 of ITTOIA 2005—

a

references to a loan include references to alternative finance arrangements, and

b

references to interest include references to alternative finance return.