SCHEDULE 8Relief for alternative finance investment bonds

PART 3General conditions for operation of reliefs etc.

Condition G

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(1)

Condition G is that—

(a)

before the end of the period of 30 days beginning with the date on which the interest in the land ceases to be held as a bond asset, that interest is transferred by Q to P (“the second transaction”), and

(b)

the second transaction is effected not more than 10 years after the first transaction.

(2)

The Scottish Ministers may by regulations amend sub-paragraph (1)(b) by substituting for the period mentioned there such other period as may be specified.