SCHEDULES

SCHEDULE 21Prevention of SDLT avoidance

Alternative property finance

3

1

Omit sections 71A(8), 72(7), 72A(8) and 73(5)(a) (which contain definitions of “financial institution” for the purposes of provisions relating to alternative property finance).

2

After section 73B insert—

73BAMeaning of “financial institution”

1

In sections 71A to 73B “financial institution” has the meaning given by section 564B of the Income Tax Act 2007.

2

For this purpose section 564B(1) applies as if paragraph (d) were omitted.