SCHEDULE 8Relief for alternative finance investment bonds
PART 4Relief for certain transactions
Withdrawal of relief
16
(1)
Relief under paragraph 15 is withdrawn if—
(a)
the interest in the land is transferred by Q to P without conditions E and F having been met,
(b)
the period mentioned in paragraph 14(1)(b) expires without each of those conditions having been met, or
(c)
at any time it becomes apparent for any other reason that any of the conditions E to G cannot or will not be met.
(2)
The relief is also withdrawn if condition D is not met.