Related Commentary  Related HMRC Manuals

72  [Omitted by SCA 2012, s. 29 and Sch. 3, para. 10.]


S. 72 omitted by SCA 2012, s. 29 and Sch. 3, para. 10, with effect in relation to land transactions, with an effective date on or after 1 April 2015. Former s. 72 read as follows:

“Alternative property finance in Scotland: land sold to financial institution and leased to person

72(1)  This section applies where arrangements are entered into between a person and a financial institution under which the institution–

(a)purchases a major interest in land (“the first transaction” ),

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