SCHEDULES

SCHEDULE 8Minor and consequential amendments

Part 7Alternative finance arrangements

Finance Act 2009 (c. 10)

229

1

Amend Schedule 61 (alternative finance investment bonds) as follows.

2

In paragraph 1(1) (interpretation) in the definition of “alternative finance investment bond” for “within section 48A of FA 2005 (alternative finance investment bond: introduction)” substitute “ to which section 564G of ITA 2007 or section 151N of TCGA 1992 (investment bond arrangements) applies ”.

3

For paragraph 2 (issue, transfer and redemption of rights under bond not to be treated as chargeable transaction) substitute—

2

Section 564S of ITA 2007 (treatment of bond-holder and bond-issuer) applies for the purposes of any enactment about stamp duty land tax as it applies for the purposes of the Income Tax Acts.

4

In paragraph 4(1) for “section 48B(2) of FA 2005” substitute “ section 564S of ITA 2007 ”.