Section 835J — Income Tax Act 2007: Persons acting under alternative finance arrangements

Persons acting under alternative finance arrangements 835J 1 Subsection (2) applies if an amount within section 835E(2) arising to a non-UK resident consists of alternative finance return.

2 Neither of the following is the UK representative of the non-UK resident in relation to the amount—

a the other party to the alternative finance arrangements, b any other person acting for the non-UK resident in relation to the alternative finance arrangements.

3 In subsection (1) “ alternative finance return ” means alternative finance return within the application of section 564I, 564K or 564L(2) or (3).

4 In subsection (2) the reference to “ the alternative finance arrangements ” is a reference to the alternative finance arrangements under which the alternative finance return mentioned in subsection (1) arises.