xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"
8(1)Condition 3 is that, for the purpose of generating income or gains for the alternative finance investment bond—E+W
(a)B and A enter into a leaseback agreement, or
(b)such other condition or conditions as may be prescribed is or are met.
(2)For the purposes of condition 3, B and A enter into a leaseback agreement if B grants to A, out of the interest transferred to B—
(a)a lease (if the interest transferred is freehold), or
(b)a sub-lease (if the interest transferred is leasehold).
Commencement Information
I1Sch. 11 para. 8 in force at 1.4.2018 by S.I. 2018/34, art. 3