Land and Buildings Transaction Tax (Scotland) Act 2013 (asp 11)

SCHEDULE 8 Relief for alternative finance investment bonds

PART 4 Relief for certain transactions

The relief: first transaction

15 (1) The first transaction is exempt from charge if—

(a) it relates to an interest in land in Scotland, and

(b) each of the conditions A to C is met before the end of the period of 30 days beginning with the effective date of the transaction.

(2) This paragraph is subject to—

(a) paragraphs 21 and 22 (where the interest in land is replaced as the bond asset by an interest in other land),

(b) paragraph 24.