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 2

7 Condition 2 is that—

(a) B, as bond-issuer, enters into an alternative finance investment bond (whether before or after entering into the arrangements mentioned in condition 1), and

(b) the interest in land to which the arrangements mentioned in condition 1 relate is held by B as a bond asset.