Finance Act 2003, Paragraph 3 is up to date with all changes known to be in force on or before 02 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
3U.K.A transaction between one party to a marriage and the other is exempt from charge if it is effected—
(a)in pursuance of an order of a court made on granting in respect of the parties [F1an order or decree for their divorce, the annulment of the marriage or their judicial separation;]
(b)in pursuance of an order of a court made in connection with the dissolution or annulment of the marriage, or the parties' judicial separation, at any time after the granting of such [F2an order or decree for divorce, annulment or judicial separation as is mentioned in paragraph (a);]
(c)in pursuance of—
(i)an order of a court made at any time under section 22A, 23A or 24A of the Matrimonial Causes Act 1973 (c. 18), or
(ii)an incidental order of a court made under section 8(2) of the Family Law (Scotland) Act 1985 (c. 37) by virtue of section 14(1) of that Act;
(d)at any time in pursuance of an agreement of the parties made in contemplation or otherwise in connection with the dissolution or annulment of the marriage, their judicial separation or the making of a separation order in respect of them.
Textual Amendments
F1Words in Sch. 3 para. 3(a) substituted (6.4.2022) by Divorce, Dissolution and Separation Act 2020 (c. 11), s. 8(1)(8), Sch. para. 55(a); S.I. 2022/283, reg. 2
F2Words in Sch. 3 para. 3(b) substituted (6.4.2022) by Divorce, Dissolution and Separation Act 2020 (c. 11), s. 8(1)(8), Sch. para. 55(b); S.I. 2022/283, reg. 2
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