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Amendment of section 5 (supply of services) of Principal Act.
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89.— With effect from 1 July 2008 section 5 of the Principal Act is amended—
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(a) in subsection (3)(a) by inserting “other than immovable goods” after “the use of goods”, and
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(b) by inserting the following after subsection (3A):
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“(3B) The use of immovable goods forming part of the assets of a business—
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(a) for the private use of an accountable person or of such person’s staff, or
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(b) for any purpose other than those of the accountable person’s business,
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is a taxable supply of services if—
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(i) that use occurs during a period of 20 years following the acquisition or development of those goods by the accountable person, and
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(ii) those goods are treated for tax purposes as forming part of the assets of the business at the time of their acquisition or development.”.
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