Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 8 paragraph 7

Definitions of conditions A to G for alternative finance investment bonds

Schedule 8, paragraph 7 introduces Part 3 of the schedule, which defines seven conditions (A to G) that are used in the relief and supplementary provisions for alternative finance investment bonds in paragraphs 15 to 21.

• This paragraph serves as an introductory provision to Part 3 of Schedule 8, which deals with relief for alternative finance investment bonds.
• Part 3 sets out the definitions of conditions labelled A through to G.
• These conditions are referenced and applied in paragraphs 15 to 21 of the schedule, which cover the actual relief provisions and supplementary rules.
• Whether a transaction qualifies for relief under the alternative finance investment bond provisions depends on whether the relevant combination of these conditions is met.

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