SCHEDULES

[F1(b)a building or structure (or part of a building or structure).]

(3)The second condition is that Q—

(a)ceases to hold the asset as a bond asset (whether at the end of the bond term or at any other time), but

(b)does not transfer the asset to P or any other person.

(4)At the time that Q ceases to hold the asset as a bond asset [F2—

(a)in a case within sub-paragraph (2)(a), Q is to be treated as becoming, and P is to be treated as ceasing to be, the owner of the asset, and

(b)in a case within sub-paragraph (2)(b), Q is to be treated as acquiring, and P is to be treated as ceasing to have, the relevant interest in the asset].

(5)Accordingly, Q's ceasing to hold the asset as a bond asset is to be treated—

(a)as regards plant or machinery, as a disposal event (in relation to P) occurring in the chargeable period in which the cessation takes place, F3...

F3(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6)For the purposes of sub-paragraph (5)—

(a)in the case falling within paragraph (a), the disposal value that P is required to bring into account is the market value of the asset at the time of the transfer, F4...

F4(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .