SCHEDULES

SCHEDULE 61 Alternative finance investment bonds

Part 3 Transactions 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.