Section 564Y — Income Tax Act 2007: Provision not at arm's length: relevant return

Provision not at arm's length: relevant return 564Y 1 This section applies if arrangements to which section 564H (provision not at arm's length: exclusion of arrangements from sections 564C to 564G) applies would, but for that section, be alternative finance arrangements.

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

a any deduction in respect of the relevant return in calculating profits or other income for income tax purposes, or b any deduction in respect of the relevant return in calculating net income.

3 In this section “ relevant return ” has the same meaning as in section 564H (see subsection (3) of that section).