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Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017
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Condition 3
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8(1)Condition 3 is that, for the purpose of generating income or gains for the alternative finance investment bond—
(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).
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