CFM72310 - Other tax rules on corporate finance: securitisation: periods beginning on or after 1 January 2007: 바카라 사이트˜alternative finance바카라 사이트™ arrangements
Alternative finance investment bonds
ITA 2007/PT10A provide tax rules on a form of Shari바카라 사이트™a compliant bond known as 바카라 사이트˜sukuk바카라 사이트™. The legislation refers to this as an 바카라 사이트˜alternative finance investment bond바카라 사이트™. CFM44000.
There is no debt obligation to investors in such instruments, but the tax rules in ITA 2007/PT10A treat them as securities for tax purposes, where they are economically equivalent to conventional bonds. A company issuing sukuk can therefore come within the securitisation regulations, subject to meeting the other conditions in CTA10/S623 and in the Taxation of Securitisation Companies Regulations 2006.