SCHEDULES

SCHEDULE 61Alternative finance investment bonds

Part 3Transactions relating to underlying assets consisting of land

Stamp duty land tax

Relief from stamp duty land tax: second transaction

8

1

The second transaction is exempt from charge to stamp duty land tax if—

a

each of conditions A to G is met, and

b

the provisions of Part 4 of FA 2003 relating to the first transaction are complied with.

2

Where the interest in the land is replaced as the bond asset by an interest in other land, this paragraph is subject to paragraph 18.

3

This paragraph is also subject to paragraph 20.