# Finance Act 2009, Paragraph 1

Extent: E+W+S+N.I.

(1) In this Schedule—
“alternative finance investment bond” means arrangements to which section 564G of ITA 2007 or section 151N of TCGA 1992 (investment bond arrangements) applies ;
“bond assets”, “bond-holder”, “bond-issuer” and “capital” have the meaning given by that section;
“effective date”, for a transaction relating to land in Scotland or Wales, is the date which would be the effective date (under section 119 of FA 2003) if Part 4 of FA 2003 applied to land in Scotland or Wales;
“HMRC” means Her Majesty's Revenue and Customs;
“prescribed” means prescribed in regulations made by HMRC;
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(1A) In this Schedule “qualifying interest” means—
(a) in relation to land in England and Wales—
(i) an estate in fee simple absolute, or
(ii) a term of years absolute,
whether subsisting at law or in equity;
(b) in relation to land in Scotland—
(i) the interest of an owner of land, or
(ii) the tenant's right over or interest in a property subject to a lease;
(c) in relation to land in Northern Ireland—
(i) any freehold estate, or
(ii) any leasehold estate,
whether subsisting at law or in equity;
except that it does not include a lease for a term of years, or (in Scotland) for a period, of 21 years or less.
(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.

---
Source: https://www.legislation.gov.uk/ukpga/2009/10/schedule/61/paragraph/1 (the official version)
Page: https://openlegislation.uk/finance-act-2009/schedule-61/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.