SCHEDULE 8Relief for alternative finance investment bonds
PART 5Supplementary
Substitution of asset
22
(1)
Paragraph 21 also applies where the replacement land is replaced by further replacement land.
(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.