SCHEDULES
SCHEDULE 61Alternative finance investment bonds
Part 3Transactions relating to underlying assets consisting of land
Stamp duty land tax
Relief from stamp duty land tax: first transaction
6
1
This paragraph applies if—
b
each of conditions A to C is met before the end of the period of 30 days beginning with the effective date of that transaction.
2
Where this paragraph applies the first transaction is exempt from charge to stamp duty land tax.
3
Where the interest in the land is replaced as the bond asset by an interest in other land, this paragraph is subject to paragraph 18.
4
This paragraph is also subject to paragraph 20.