Section 501 — Corporation Tax Act 2009: Introduction to Chapter

Introduction to Chapter 501 1 This Chapter provides for alternative finance arrangements ... to be treated as loan relationships (see sections 509 and 510).

2 In this Part “ alternative finance arrangements ” means—

a purchase and resale arrangements, b diminishing shared ownership arrangements, c deposit arrangements, d profit share agency arrangements, and e investment bond arrangements.

3 In this Chapter—

a “ purchase and resale arrangements ” means arrangements to which section 503 applies, b “ diminishing shared ownership arrangements ” means arrangements to which section 504 or 504A applies, c “ deposit arrangements ” means arrangements to which section 505 applies, d “ profit share agency arrangements ” means arrangements to which section 506 applies, and e “ investment bond arrangements ” means arrangements to which section 507 applies.

4 For the meaning of “financial institution”, see section 502.