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

SCHEDULE 8 S Relief for alternative finance investment bonds

PART 3 S General conditions for operation of reliefs etc.

Condition A S

8 S Condition A is that one person (P) and another (Q) enter into arrangements under which—

(a) P transfers to Q a qualifying interest in land (“the first transaction”), and

(b) P and Q agree that when the interest ceases to be held by Q as mentioned in paragraph 9(b), Q will transfer the interest to P.

Commencement Information

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