SCHEDULE 8Relief for alternative finance investment bonds
PART 4Relief for certain transactions
15The relief: first transaction
1
The first transaction is exempt from charge if—
a
it relates to an interest in land in Scotland, and
b
each of the conditions A to C is met before the end of the period of 30 days beginning with the effective date of the transaction.
2
This paragraph is subject to—
a
paragraphs 21 and 22 (where the interest in land is replaced as the bond asset by an interest in other land),
b
paragraph 24.