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.