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

SCHEDULE 8 S Relief for alternative finance investment bonds

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

The relief S

4 S 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.

Commencement Information

I1 Sch. 8 para. 4 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2