154 Stamp duty and stamp duty reserve tax: alternative finance investment bonds
Finance Act 2008 (2008 c 9) | Legislation

Alternative finance arrangements

154  Stamp duty and stamp duty reserve tax: alternative finance investment bonds

(1)     FA 1986 is amended as follows.

(2)     In section 78 (stamp duty: loan capital), after subsection (7)(c) insert—

“(d)     any capital raised under arrangements which fall within section 48A of the Finance Act 2005 (alternative finance investment bonds).”

(3)     Section 79 (loan capital: instruments not chargeable to stamp duty) is amended as follows.

(4)     After subsection (8) insert—

“(8A)     In the application of this section to loan capital that falls within paragraph (d) of section 78(7) (alternative finance investment bonds)—

(a)     subsection (6) has effect as if—

(i)

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