Section 564N — Income Tax Act 2007: Alternative finance return under arrangements for trade or property business purposes

Alternative finance return under arrangements for trade or property business purposes 564N 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.