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Relief under paragraph 15 is withdrawn if—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The relief is also withdrawn if condition D is not met.