SCHEDULE 10ALTERNATIVE PROPERTY FINANCE RELIEFS
PART 1INTRODUCTORY
Overview
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1
This Schedule makes provision for relief in the case of certain land transactions connected to alternative property finance arrangements.
2
The Schedule is arranged as follows—
a
Part 2 sets out the circumstances in which certain transactions are relieved from tax;
b
Part 3 sets out the circumstances where relief is not available;
c
Part 4 makes provision for an interest held by a financial institution in certain circumstances to be treated as an exempt interest;
d
Part 5 defines certain terms for the purposes of this Schedule.