Valid from 18/10/2017
Valid from 01/04/2018
This section has no associated Explanatory Notes
8(1)Condition 3 is that, for the purpose of generating income or gains for the alternative finance investment bond—E+W
(a)B and A enter into a leaseback agreement, or
(b)such other condition or conditions as may be prescribed is or are met.
(2)For the purposes of condition 3, B and A enter into a leaseback agreement if B grants to A, out of the interest transferred to B—
(a)a lease (if the interest transferred is freehold), or
(b)a sub-lease (if the interest transferred is leasehold).