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

SCHEDULE 8 Relief for alternative finance investment bonds

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

The relief

4 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.