Commentary

B6.766 ATED—land sold to financial institution and leased to person

Business tax
Business tax | Commentary

B6.766 ATED—land sold to financial institution and leased to person

Business tax | Commentary

ATED—Alternative property finance

B6.766 ATED—land sold to financial institution and leased to person

Land in England, Wales or Northern Ireland

The provisions described in this article apply to1:

  1.  

    •     alternative property finance arrangements under SDLT provisions in FA 20032

  2.  

    •     entered into between a financial institution and another person ('the lessee')

  3.  

    •     where the land in which the institution purchases a major interest under the first transaction is, for chargeable periods beginning on or after 1 April 2016, in England, Wales or Northern Ireland but not Scotland (for which separate provisions were introduced, see below), and

  4.  

    •     consists of

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial