Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw1)

SCHEDULE 11 RELIEF FOR ALTERNATIVE FINANCE INVESTMENT BONDS

PART 3 CONDITIONS FOR OPERATION OF RELIEFS ETC.

Condition 1

6 Condition 1 is that one person (“A”) and another (“B”) enter into arrangements under which—

(a) A transfers to B a qualifying interest in land (“the first transaction”), and

(b) A and B agree that when the interest ceases to be held by B as mentioned in paragraph 7(b), B will transfer the interest to A.