SCHEDULE 8Relief for alternative finance investment bonds

PART 2Issue, transfer and redemption of rights under bond not to be treated as chargeable transaction

The relief

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For the purposes of this Act—

(a)

the bond-holder under an alternative finance investment bond is not treated as having an interest in the bond assets,

(b)

the bond-issuer under such a bond is not treated as a trustee of the bond assets.