Condition CS
10(1)Condition C is that, for the purpose of generating income or gains for the alternative finance investment bond—S
(a)Q and P enter into a leaseback agreement, or
(b)such other condition or conditions as may be specified in regulations made by the Scottish Ministers is or are met.
(2)For the purposes of condition C, Q and P enter into a leaseback agreement if Q grants to P, out of the interest transferred to Q—
(a)a lease (if the interest transferred is the interest of the owner), or
(b)a sub-lease (if the interest transferred is the tenant's right over or interest in land subject to a lease).
Commencement Information
I1 Sch. 8 para. 10 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2