Commentary

A1.306 Commencement and transitional rules

Administration and compliance

A1.306 Commencement and transitional rules

A1.306 Commencement and transitional rules

The legislation described in this Division has effect in relation to alternative finance arrangements entered into on or after 6 April 20051 in the case of purchase and re-sale. For diminishing shared ownership, the provisions take effect from 1 April 2006 for corporation tax, and 6 April 2006 for income tax and for the alternative finance investment bond rules from 1 April 2007 and 6 April 2007 for corporation tax and income tax respectively.

Under a transitional rule, the legislation also has effect for arrangements within the provisions described in A1.303 entered into before 6 April 2005 under which profit share return is payable in respect of deposits on or

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