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

Valid from 01/04/2015

SCHEDULE 8 S Relief for alternative finance investment bonds

PART 5 S Supplementary

Substitution of asset S

22 (1) Paragraph 21 also applies where the replacement land is replaced by further replacement land. S

(2) In that event—

(a) the references to the original land (except those in paragraph 21(4)) are to be read as references to the replacement land, and

(b) the references to the replacement land are to be read as references to the further replacement land.