73 Alternative property finance: land sold to financial institution and re-sold to individual
Finance Act 2003 (2003 c 14) | Legislation

73  Alternative property finance: land sold to financial institution and re-sold to individual

(1)     This section applies where arrangements are entered into between [a person] and a financial institution under which—

(a)     the institution—

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

(ii)     sells that interest to the [person] (“the second transaction”), and

(b)     the [person] grants the institution

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