Section 151H — Taxation of Chargeable Gains Act 1992: Introduction

Introduction 151H 1 This Chapter makes provision about the treatment of alternative finance arrangements ... and alternative finance return under such arrangements for the purposes of this Act (see sections 151T to 151Y).

2 In this Chapter “ 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 151J applies, b “ diminishing shared ownership arrangements ” means arrangements to which section 151K or 151KA applies, c “ deposit arrangements ” means arrangements to which section 151L applies, d “ profit share agency arrangements ” means arrangements to which section 151M applies, and e “ investment bond arrangements ” means arrangements to which section 151N applies.

4 For the meaning of “alternative finance return”, see sections 151P to 151S.

5 For the meaning of “financial institution”, see section 151I.

6 Also, see—

a section 366 of TIOPA 2010 (power to extend this Chapter and other provisions to other arrangements by order),

and b Schedule 61 to FA 2009 (alternative finance investment bonds) which makes further provision about the treatment of investment bond arrangements for the purposes of this Act.