Section 520 — Corporation Tax Act 2009: Provision not at arm's length: non-deductibility of relevant return

Provision not at arm's length: non-deductibility of relevant return 520 1 This section applies if arrangements to which section 508 (provision not at arm's length: exclusion of arrangements from sections 503 to 507) applies would, but for that section, be alternative finance arrangements.

2 A company paying relevant return under the arrangements is not entitled to—

a any deduction in calculating profits or gains for corporation tax purposes, or b any deduction from total profits, in respect of the relevant return.

3 In this section “ relevant return ” has the same meaning as in section 508 (see subsection (3) of that section).