Explanatory Notes

Finance Act 2009

2009 CHAPTER 10

21 July 2009

Introduction

Section 123 and Schedule 61: Alternative Finance Investment Bonds

Summary

1.Section 123 and Schedule 61 facilitate the issue of alternative finance investment bonds based on real property. They ensure that disposals and acquisitions of real property in connection with such bonds do not incur liabilities to stamp duty land tax (SDLT) or tax in respect of chargeable gains and entitlements to capital allowances are preserved. They have effect from the date of Royal Assent.