8 Amendments to the Finance Act 2009
1 Schedule 61 to the Finance Act 2009 (alternative finance investment bonds) is amended as follows.
2009 c. 10.
2 In paragraph 14 (treatment for purposes of capital allowances)—
(a) in sub-paragraph (2), for paragraph (b) substitute—

“(b) a building or structure (or part of a building or structure).”

,
(b) in sub-paragraph (3)(b), at the beginning insert “in a case within sub-paragraph (2)(a),”, and
(c) in sub-paragraph (3), at the end insert—

“; and
(c) in a case within sub-paragraph (2)(b), Q is not to be regarded as acquiring, and P is not to be regarded as ceasing to have, the relevant interest in the asset by virtue of that transaction.”

.
3 In paragraph 16—
(a) in sub-paragraph (2), for paragraph (b) substitute—

“(b) a building or structure (or part of a building or structure).”

,
(b) in sub-paragraph (4), for the words from “, Q is to be treated” to the end substitute—

“—
(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.”

,
(c) omit sub-paragraph (5)(b) and the “and” before it, and
(d) omit sub-paragraph (6)(b) and the “and” before it.
4 In paragraph 17—
(a) in sub-paragraph (2), for paragraph (b) substitute—

“(b) a building or structure (or part of a building or structure).”

,
(b) in sub-paragraph (4), for the words from “, that other person” to the end substitute—

“—
(a) in a case within sub-paragraph (2)(a), that other person 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), that other person is to be treated as acquiring, and P is to be treated as ceasing to have, the relevant interest in the asset.”

,
(c) omit sub-paragraph (5)(b) and the “and” before it, and
(d) omit sub-paragraph (6)(b) and the “and” before it.