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

SCHEDULE 8 S Relief for alternative finance investment bonds

PART 1 S Overview and interpretation

Interpretation S

3 S In this schedule—

• “bond assets”, “bond-holder”, “bond-issuer” and “capital” have the meaning given by section 564G of the Income Tax Act 2007 (c.3),

• “prescribed” means prescribed in regulations made by the Scottish Ministers,

• “qualifying interest” means a major interest in land other than a lease for a period of 21 years or less.

Commencement Information

I1 Sch. 8 para. 3 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2