SCHEDULE 7Alternative property finance relief
PART 1Introductory
Overview
I11
1
This schedule makes provision for relief in the case of certain land transactions connected to alternative property finance arrangements.
2
It is arranged as follows—
Part 2 identifies the alternative property finance arrangements that are relieved,
Part 3 makes provision limiting the arrangements that can be relieved,
Part 4 provides for the circumstances in which the chargeable interest acquired by a financial institution under the arrangements is an exempt interest, and
Part 5 defines expressions used in this schedule.