Search Legislation

Finance Act 2011

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Paragraph 4

 Help about opening options

Alternative versions:

Changes to legislation:

Finance Act 2011, Paragraph 4 is up to date with all changes known to be in force on or before 14 February 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. Help about Changes to Legislation

4(1)Paragraph 5 of Schedule 4 (chargeable consideration: exchanges) is amended as follows.U.K.

(2)In sub-paragraph (3)—

(a)for paragraph (a)(i) and (ii) substitute—

(i)the amount determined under sub-paragraph (3A) in respect of the acquisition, or

(ii)if greater, the amount which would be the chargeable consideration for the acquisition ignoring paragraph 5;, and

(b)for paragraph (b)(i) and (ii) substitute—

(i)the amount determined under sub-paragraph (3A) in respect of that acquisition, or

(ii)if greater, the amount which would be the chargeable consideration for that acquisition ignoring paragraph 5;.

(3)After that sub-paragraph insert—

(3A)The amount mentioned in sub-paragraph (3)(a)(i) and (b)(i) is—

(a)the market value of the subject-matter of the acquisition, and

(b)if the acquisition is the grant of a lease at a rent, that rent.

Back to top

Options/Help

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?