SCHEDULE 8Relief for alternative finance investment bonds

PART 4Relief for certain transactions

Withdrawal of relief

I116

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Relief under paragraph 15 is withdrawn if—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The relief is also withdrawn if condition D is not met.