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Textual Amendments
F1Sch. 9A inserted (with effect in accordance with Sch. 16 para. 6 of the amending Act) by Finance Act 2021 (c. 26), Sch. 16 para. 5
12(1)This paragraph applies where—
(a)there are two or more purchasers in relation to a chargeable transaction who are or will be jointly entitled to the interest acquired, and
(b)the following conditions are met in relation to those purchasers.
(2)The conditions are—
(a)that, on the effective date of the transaction, the purchasers, or (if there are more than two) two of them, are spouses or civil partners of each other;
(b)that, on the effective date of the transaction, those spouses or civil partners are living together;
(c)that one of those spouses or civil partners is UK resident in relation to the chargeable transaction;
(d)that (apart from this paragraph) one of those spouses or civil partners is non-resident in relation to the chargeable transaction;
(e)that neither of the spouses or civil partners is acting as a trustee of a settlement.
(3)For the purposes of this Schedule, the spouse or civil partner mentioned in sub-paragraph (2)(d) is UK resident in relation to the chargeable transaction.
(4)Section 1011 of the Income Tax Act 2007 (references to married persons, or civil partners, living together) applies for the purposes of this paragraph.
13(1)Sub-paragraph (2) applies to a chargeable transaction if—
(a)the purchaser is, or (if there is more than one) the purchasers include, a person (P) who is acting as a trustee of a bare trust, and
(b)paragraph 3(3) of Schedule 16 (trustee of bare trust granted a lease treated as purchaser of the whole of the interest acquired) applies in relation to P.
(2)In determining for the purposes of this Part of this Act whether the chargeable transaction is a “non-resident transaction”, paragraph 2(1)(a) (condition that purchaser be non-resident) has effect as if a reference to the purchaser or purchasers—
(a)included the beneficiary or beneficiaries of the bare trust, and
(b)did not include P.
14(1)Sub-paragraph (2) applies to a chargeable transaction if—
(a)the purchaser is, or (if there is more than one) the purchasers include, a person (P) who is acting as a trustee of a settlement, and
(b)under the terms of the settlement a beneficiary is entitled—
(i)to occupy the dwelling or dwellings for life, or
(ii)to income earned in respect of the dwelling or dwellings.
(2)In determining for the purposes of this Part of this Act whether the chargeable transaction is a “non-resident transaction”, paragraph 2(1)(a) (condition that purchaser be non-resident) has effect as if a reference to the purchaser or purchasers—
(a)included the beneficiary or beneficiaries of the settlement, and
(b)did not include P.
(3)In this paragraph “settlement” does not include a settlement under a unit trust scheme.
15(1)Subject to sub-paragraph (2), a co-ownership authorised contractual scheme is not “non-resident” in relation to any chargeable transaction.
(2)A collective investment scheme that is a co-ownership authorised contractual scheme by virtue of section 102A(7) (EEA schemes) is “non-resident” in relation to all chargeable transactions.
16(1)Sub-paragraph (2) applies in relation to a chargeable transaction within section 71A(1)(a) (purchase of land by financial institution as part of alternative property finance arrangements).
(2)The financial institution that enters into the transaction is “non-resident” in relation to the transaction if and only if the person with whom it enters into the arrangements mentioned in section 71A(1) is non-resident in relation to the transaction.
(3)Sub-paragraph (4) applies in relation to a chargeable transaction within section 73(1)(a)(i) (purchase of land by financial institution as part of alternative property finance arrangements).
(4)The financial institution that enters into the transaction is “non-resident” in relation to the transaction if and only if the person with whom it enters into the arrangements mentioned in section 73(1) is non-resident in relation to the transaction.
17In a case within section 44(8) (contract substantially performed and subsequently completed by a conveyance) the later of the notifiable transactions mentioned in that provision is a “non-resident transaction” for the purposes of this Part if and only if the earlier of those notifiable transactions is a non-resident transaction for the purposes of this Part.]