SCHEDULE 8Relief for alternative finance investment bonds
PART 4Relief for certain transactions
Relief from land and buildings transaction tax: second transaction
I119
1
The second transaction is exempt from charge if—
a
each of conditions A to G is met, and
b
the provisions of this Act in relation to the first transaction are complied with.
2
This paragraph is subject to—
a
paragraphs 21 and 22 (where the interest in land is replaced as the bond asset by an interest in other land),
b
paragraph 24.