SCHEDULE 8 S Relief for alternative finance investment bonds

PART 4 S Relief for certain transactions

Relief from land and buildings transaction tax: second transaction S

19 (1) The second transaction is exempt from charge if— S

(a) each of conditions A to G is met, and

(b) the provisions of this Act in relation to the first transaction are complied with.

(2) This paragraph is subject to—

(a) paragraphs 21 and 22 (where the interest in land is replaced as the bond asset by an interest in other land),

(b) paragraph 24.

Commencement Information

I1 Sch. 8 para. 19 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2