Sch. 3 para. 27(9) repealed (17.7.2013) by Finance Act 2013 (c. 29), Sch. 41 para. 7(2)(b)

http://www.legislation.gov.uk/ukpga/2012/11/schedule/3/part/1/2013-08-01Scotland Act 2012An Act to amend the Scotland Act 1998 and make provision about the functions of the Scottish Ministers; and for connected purposes.texttext/xmlenStatute Law Database2018-06-14Expert Participation2013-08-01SCHEDULESSCHEDULE 3Scottish tax on land transactions: consequential amendmentsPart 1Disapplication of stamp duty land tax to ScotlandFinance Act 19311(1)

Section 28 of the Finance Act 1931 (production to Commissioners of instruments transferring land) is amended as follows.

(2)

In subsection (3), omit “or” after paragraph (a) and after paragraph (b) insert; or (c)

to a Scottish transaction.

(3)

After subsection (3) insert—(3A)

In subsection (3) “Scottish transaction” means the acquisition of—

(a)

an estate, interest, right or power in or over land in Scotland, or

(b)

the benefit of an obligation, restriction or condition affecting the value of any such estate, interest, right or power.

Finance Act 20032

The Finance Act 2003 is amended as follows.

3

Omit section 44(9A)(b) (application of provisions relating to missives of let etc).

4

In section 48 (chargeable interests)—

(a)

in subsection (2)(c) omit “in England and Wales or Northern Ireland”;

(b)

omit subsection (4);

(c)

in subsection (5) for “the United Kingdom” substitute “ England and Wales or Northern Ireland ”.

5

In section 55(5) (additional provisions determining amount of tax chargeable)—

(a)

omit the reference to section 75 and the word “and” preceding it;

(b)

for “provide” substitute “ provides ”.

6

In section 57AA (first-time buyers)—

(a)

in subsection (2)(b) after “under the law of” insert “ Scotland or ”;

(b)

in subsection (2)(c) omit “72, 72A”.

7

In section 60 (compulsory purchase facilitating development)—

(a)

in subsection (2)(a), omit “or Scotland”;

(b)

omit subsection (5)(b).

8(1)

Section 61 (compliance with planning obligations) is amended as follows.

(2)

Omit subsection (2)(b) (definition of planning obligation in Scotland).

(3)

In subsection (3) (public authorities)—

(a)

under the heading “Government”, omit the entry “The Scottish Ministers”;

(b)

omit the heading “Local Government: Scotland” and the entry under that heading;

(c)

omit the heading “Health: Scotland” and the entries under that heading;

(d)

under the heading “Other planning authorities” omit paragraph (b) and the word “or” preceding it.

9

Omit section 71A(10) (disapplication of section to Scotland).

10

Omit sections 72 and 72A (alternative property finance in Scotland).

11

In section 73 (alternative property finance: land sold and re-sold)—

(a)

in subsection (2)(b) omit “, 72(1) or 72A(1)”;

(b)

omit subsection (5)(b)(ii).

12(1)

In section 73AB (arrangements to transfer control of financial institution)—

(a)

in subsection (1) omit “, 72 or 72A”;

(b)

in subsection (3), in the definition of “alternative finance arrangements” omit “, 72(1) or 72A(1)”.

(2)

In the heading to that section, for “Sections 71A to 72A” substitute “ Section 71A ”.

13(1)

Section 73B (exempt interests) is amended as follows.

(2)

In subsection (1) omit “, 72(1)(a) or 72A(1)(a)”.

(3)

In subsection (2)—

(a)

in paragraph (a) omit “, 72(1)(b) or 72A(1)(b)”;

(b)

in paragraph (b) omit “, 72(1)(c) or 72A(1)(c)”.

(4)

In subsection (4)(b) omit “, 72(4) or 72A(4)”.

14

In section 73CA (application of sections 71A to 73 to first-time buyers), in subsection (1) omit “, 72, 72A”.

15

Omit section 75 (crofting community right to buy).

16

In section 75C (anti-avoidance: supplemental), in subsection (4) for “, 74 and 75” substitute “ and 74 ”.

17

In section 77 (notifiable transactions), in subsection (2)(a) omit “and 72A(7)”.

18

In section 79 (registration of land transactions etc)—

(a)

omit subsection (1)(b) (registration in Scotland);

(b)

in subsection (2)(c) omit “or 19(3)”;

(c)

in subsection (6) omit “(in Scotland, the Keeper of the Registers of Scotland)”.

19

In section 108 (linked transactions) after subsection (1) insert—(1A)

A transaction is not a linked transaction if the land to which it relates is in Scotland.

20

Omit section 117(3) (meaning of “major interest” in land in Scotland).

21

In section 119(2) (provisions as to effective date of transaction), omit the reference to paragraph 19(3) of Schedule 17A.

22

In section 121 (minor definitions) omit—

(a)

the definition of “assignment”;

(b)

the definition of “completion”;

(c)

paragraph (b) of the definition of “jointly entitled”;

(d)

the definition of “standard security”;

(e)

the definition of “surrender”.

23

In section 122 (index of defined expressions) omit the entries relating to—

(a)

assignment (in Scotland);

(b)

completion (in Scotland);

(c)

standard security;

(d)

surrender (in Scotland).

24(1)

Schedule 4 (chargeable consideration) is amended as follows.

(2)

In paragraph 8(1C), omit “in England and Wales and Northern Ireland”.

(3)

Omit paragraph 10(2A)(c) (application of provisions relating to missives of let etc).

(4)

Omit paragraph 17(5) (arrangements involving public or educational bodies).

25(1)

Schedule 10 (returns, etc) is amended as follows.

(2)

In paragraph 7(1A) (correction of return by certain persons) omit paragraph (b).

(3)

In paragraph 45(2) (definition of “relevant tribunal”) omit paragraph (b).

26(1)

Schedule 15 (partnerships) is amended as follows.

(2)

In paragraph 12(2) omit “(or, in Scotland, as joint owners)” and “(or, in Scotland, as owners in common)”.

(3)

In paragraph 20(2) omit “(or, in Scotland, as joint owners)” and “(or, in Scotland, as owners in common)”.

27(1)

Schedule 17A (further provision relating to leases) is amended as follows.

(2)

In paragraph 1 (meaning of “lease”) for “In the application of this Part to England and Wales or Northern Ireland” substitute “ In this Part ”.

(3)

In paragraph 4 (leases for indefinite term), in sub-paragraph (5)(b) omit “in England and Wales or Northern Ireland”.

(4)

In paragraph 7 (variable or uncertain rent), omit sub-paragraph (4A)(c) and (d).

(5)

In paragraph 10 (tenants' obligations etc that do not count as chargeable consideration), in sub-paragraph (1)(a) omit “(in Scotland, the leased premises)”.

(6)

In paragraph 12A(1) (agreement for lease) omit “in England and Wales or Northern Ireland”.

(7)

In paragraph 12B(1) (assignment of agreement for lease) omit “in England and Wales or Northern Ireland”.

(8)

In paragraph 13 (increase of rent treated as grant of new lease: variation of lease in first five years), in sub-paragraph (2)(b) for “any of paragraphs (a) to (d)” substitute “ paragraph (a) or (b) ”.

(9)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(10)

Omit paragraph 19 (provisions relating to leases in Scotland).

Finance Act 200428

In section 298 of the Finance Act 2004 (stamp duty land tax: notification etc), omit subsection (3).

Finance (No. 2) Act 200529

In section 47 of the Finance (No. 2) Act 2005 (e-conveyancing) omit—

(a)

subsection (1);

(b)

subsection (6)(b).

Finance Act 200630

In Schedule 25 to the Finance Act 2006 (amendments of Schedule 17A to Finance Act 2003), omit paragraph 5.

Finance Act 200931(1)

Schedule 61 to the Finance Act 2009 (alternative finance investment bonds) is amended as follows.

(2)

Paragraph 1 (interpretation) is amended as follows.

(3)

In sub-paragraph (1)—

(a)

before the definition of “HMRC” insert—

“effective date”, for a transaction relating to land in Scotland, is the date which would be the effective date (under section 119 of FA 2003) if Part 4 of FA 2003 applied to land in Scotland;

;

(b)

omit the definition of “qualifying interest”.

(4)

After sub-paragraph (1) insert—(1A)

In this Schedule “qualifying interest”—

(a)

in relation to land in England and Wales or Northern Ireland, means a major interest in land (within the meaning given by section 117 of FA 2003) except that it does not include a lease for a term of years of 21 years or less;

(b)

in relation to land in Scotland, means—

(i)

the interest of an owner of land, or

(ii)

the tenant's right over or interest in a property subject to a lease,

except that it does not include a lease for a period of 21 years or less.

(5)

Paragraph 5 (conditions for operation of relief) is amended as follows.

(6)

In sub-paragraph (6) (Condition D)—

(a)

after “Condition D” insert “ (which applies in the case of land in England and Wales or Northern Ireland) ”;

(b)

omit paragraph (b).

(7)

In sub-paragraph (7) (charge or security for purposes of Condition D)—

(a)

omit “or security”;

(b)

in paragraph (a) omit “, or a security ranking first granted over,”.

(8)

In paragraph 6(1)(a) (relief from stamp duty land tax) for “the United Kingdom” substitute “ England and Wales or Northern Ireland ”.

(9)

In paragraph 7 (withdrawal of relief in certain circumstances)—

(a)

in sub-paragraph (1) after “This paragraph applies if” insert “ paragraph 6 applies but ”;

(b)

in sub-paragraph (2) after “This paragraph also applies if” insert “ paragraph 6 applies but ”.

(10)

In paragraph 9 (discharge of charge when conditions for relief met) omit “or security”.

(11)

In paragraph 11(2) (disapplication of CGT relief if charge not given) for “the United Kingdom” substitute “ England and Wales or Northern Ireland ”.

(12)

In paragraph 12(1)(b) (CGT relief on second transaction) for “the United Kingdom” substitute “ England and Wales or Northern Ireland ”.

(13)

In paragraph 18(5) and (6) (discharge of charge if original land replaced)—

(a)

for “the United Kingdom” substitute “ England and Wales or Northern Ireland ”;

(b)

omit “or security”.

(14)

In paragraph 19(1) (HMRC to notify Registrar of discharge)—

(a)

omit “or security”;

(b)

omit paragraph (b).

Public Finance and Accountability (Scotland) Act 2000 (asp 1) 32

In section 9(1) of the Public Finance and Accountability (Scotland) Act 2000 (Keeper of the Registers of Scotland: financial arrangements) omit “(other than payments of stamp duty land tax)”.

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<ref eId="ckw9jmw31-00004" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2012/11/schedule/3/paragraph/27/9">Sch. 3 para. 27(9)</ref>
repealed (17.7.2013) by
<ref eId="ckw9jmw31-00005" href="http://www.legislation.gov.uk/id/ukpga/2013/29">Finance Act 2013 (c. 29)</ref>
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<ref eId="ckw9jmw31-00006" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/2013/29/schedule/41/paragraph/7/2/b">Sch. 41 para. 7(2)(b)</ref>
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<heading>SCHEDULES</heading>
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<num>SCHEDULE 3</num>
<heading>Scottish tax on land transactions: consequential amendments</heading>
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<b>Part 1</b>
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<heading>Disapplication of stamp duty land tax to Scotland</heading>
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<i>Finance Act 1931</i>
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<p>Section 28 of the Finance Act 1931 (production to Commissioners of instruments transferring land) is amended as follows.</p>
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In subsection (3), omit “or” after paragraph (a) and after paragraph (b) insert
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<p>to a Scottish transaction.</p>
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After subsection (3) insert—
<quotedStructure startQuote="" endQuote="" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default">
<subsection>
<num>(3A)</num>
<intro>
<p>
In subsection (3) “
<term refersTo="#term-scottish-transaction">Scottish transaction</term>
” means the acquisition of—
</p>
</intro>
<level class="para1">
<num>(a)</num>
<content>
<p>an estate, interest, right or power in or over land in Scotland, or</p>
</content>
</level>
<level class="para1">
<num>(b)</num>
<content>
<p>the benefit of an obligation, restriction or condition affecting the value of any such estate, interest, right or power.</p>
</content>
</level>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-3-part-1-crossheading-finance-act-2003">
<heading>
<i>Finance Act 2003</i>
</heading>
<paragraph eId="schedule-3-paragraph-2" class="schProv1">
<num>2</num>
<content>
<p>The Finance Act 2003 is amended as follows.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-3" class="schProv1">
<num>3</num>
<content>
<p>
Omit section 44(9A)(b) (application of provisions relating to missives of let
<abbr title="Et cetera" xml:lang="la">etc</abbr>
).
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-4" class="schProv1">
<num>4</num>
<intro>
<p>In section 48 (chargeable interests)—</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-4-a">
<num>(a)</num>
<content>
<p>in subsection (2)(c) omit “in England and Wales or Northern Ireland”;</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-4-b">
<num>(b)</num>
<content>
<p>omit subsection (4);</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-4-c">
<num>(c)</num>
<content>
<p>
<mod>
in subsection (5) for “the United Kingdom” substitute
<quotedText>“ England and Wales or Northern Ireland ”</quotedText>
.
</mod>
</p>
</content>
</level>
</paragraph>
<paragraph eId="schedule-3-paragraph-5" class="schProv1">
<num>5</num>
<intro>
<p>In section 55(5) (additional provisions determining amount of tax chargeable)—</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-5-a">
<num>(a)</num>
<content>
<p>omit the reference to section 75 and the word “and” preceding it;</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-5-b">
<num>(b)</num>
<content>
<p>
<mod>
for “provide” substitute
<quotedText>“ provides ”</quotedText>
.
</mod>
</p>
</content>
</level>
</paragraph>
<paragraph eId="schedule-3-paragraph-6" class="schProv1">
<num>6</num>
<intro>
<p>In section 57AA (first-time buyers)—</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-6-a">
<num>(a)</num>
<content>
<p>
<mod>
in subsection (2)(b) after “under the law of” insert
<quotedText>“ Scotland or ”</quotedText>
;
</mod>
</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-6-b">
<num>(b)</num>
<content>
<p>in subsection (2)(c) omit “72, 72A”.</p>
</content>
</level>
</paragraph>
<paragraph eId="schedule-3-paragraph-7" class="schProv1">
<num>7</num>
<intro>
<p>In section 60 (compulsory purchase facilitating development)—</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-7-a">
<num>(a)</num>
<content>
<p>in subsection (2)(a), omit “or Scotland”;</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-7-b">
<num>(b)</num>
<content>
<p>omit subsection (5)(b).</p>
</content>
</level>
</paragraph>
<paragraph eId="schedule-3-paragraph-8" class="schProv1">
<num>8</num>
<subparagraph eId="schedule-3-paragraph-8-1">
<num>(1)</num>
<content>
<p>Section 61 (compliance with planning obligations) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-8-2">
<num>(2)</num>
<content>
<p>Omit subsection (2)(b) (definition of planning obligation in Scotland).</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-8-3">
<num>(3)</num>
<intro>
<p>In subsection (3) (public authorities)—</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-8-3-a">
<num>(a)</num>
<content>
<p>under the heading “Government”, omit the entry “The Scottish Ministers”;</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-8-3-b">
<num>(b)</num>
<content>
<p>omit the heading “Local Government: Scotland” and the entry under that heading;</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-8-3-c">
<num>(c)</num>
<content>
<p>omit the heading “Health: Scotland” and the entries under that heading;</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-8-3-d">
<num>(d)</num>
<content>
<p>under the heading “Other planning authorities” omit paragraph (b) and the word “or” preceding it.</p>
</content>
</level>
</subparagraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-9" class="schProv1">
<num>9</num>
<content>
<p>Omit section 71A(10) (disapplication of section to Scotland).</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-10" class="schProv1">
<num>10</num>
<content>
<p>Omit sections 72 and 72A (alternative property finance in Scotland).</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-11" class="schProv1">
<num>11</num>
<intro>
<p>In section 73 (alternative property finance: land sold and re-sold)—</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-11-a">
<num>(a)</num>
<content>
<p>in subsection (2)(b) omit “, 72(1) or 72A(1)”;</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-11-b">
<num>(b)</num>
<content>
<p>omit subsection (5)(b)(ii).</p>
</content>
</level>
</paragraph>
<paragraph eId="schedule-3-paragraph-12" class="schProv1">
<num>12</num>
<subparagraph eId="schedule-3-paragraph-12-1">
<num>(1)</num>
<intro>
<p>In section 73AB (arrangements to transfer control of financial institution)—</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-12-1-a">
<num>(a)</num>
<content>
<p>in subsection (1) omit “, 72 or 72A”;</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-12-1-b">
<num>(b)</num>
<content>
<p>in subsection (3), in the definition of “alternative finance arrangements” omit “, 72(1) or 72A(1)”.</p>
</content>
</level>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-12-2">
<num>(2)</num>
<content>
<p>
<mod>
In the heading to that section, for “Sections 71A to 72A” substitute
<quotedText>“ Section 71A ”</quotedText>
.
</mod>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-13" class="schProv1">
<num>13</num>
<subparagraph eId="schedule-3-paragraph-13-1">
<num>(1)</num>
<content>
<p>Section 73B (exempt interests) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-13-2">
<num>(2)</num>
<content>
<p>In subsection (1) omit “, 72(1)(a) or 72A(1)(a)”.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-13-3">
<num>(3)</num>
<intro>
<p>In subsection (2)—</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-13-3-a">
<num>(a)</num>
<content>
<p>in paragraph (a) omit “, 72(1)(b) or 72A(1)(b)”;</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-13-3-b">
<num>(b)</num>
<content>
<p>in paragraph (b) omit “, 72(1)(c) or 72A(1)(c)”.</p>
</content>
</level>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-13-4">
<num>(4)</num>
<content>
<p>In subsection (4)(b) omit “, 72(4) or 72A(4)”.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-14" class="schProv1">
<num>14</num>
<content>
<p>In section 73CA (application of sections 71A to 73 to first-time buyers), in subsection (1) omit “, 72, 72A”.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-15" class="schProv1">
<num>15</num>
<content>
<p>Omit section 75 (crofting community right to buy).</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-16" class="schProv1">
<num>16</num>
<content>
<p>
<mod>
In section 75C (anti-avoidance: supplemental), in subsection (4) for “, 74 and 75” substitute
<quotedText>“ and 74 ”</quotedText>
.
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-17" class="schProv1">
<num>17</num>
<content>
<p>In section 77 (notifiable transactions), in subsection (2)(a) omit “and 72A(7)”.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-18" class="schProv1">
<num>18</num>
<intro>
<p>
In section 79 (registration of land transactions
<abbr title="Et cetera" xml:lang="la">etc</abbr>
)—
</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-18-a">
<num>(a)</num>
<content>
<p>omit subsection (1)(b) (registration in Scotland);</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-18-b">
<num>(b)</num>
<content>
<p>in subsection (2)(c) omit “or 19(3)”;</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-18-c">
<num>(c)</num>
<content>
<p>in subsection (6) omit “(in Scotland, the Keeper of the Registers of Scotland)”.</p>
</content>
</level>
</paragraph>
<paragraph eId="schedule-3-paragraph-19" class="schProv1">
<num>19</num>
<content>
<p>
<mod>
In section 108 (linked transactions) after subsection (1) insert—
<quotedStructure startQuote="" endQuote="" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default">
<subsection>
<num>(1A)</num>
<content>
<p>A transaction is not a linked transaction if the land to which it relates is in Scotland.</p>
</content>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-20" class="schProv1">
<num>20</num>
<content>
<p>Omit section 117(3) (meaning of “major interest” in land in Scotland).</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-21" class="schProv1">
<num>21</num>
<content>
<p>In section 119(2) (provisions as to effective date of transaction), omit the reference to paragraph 19(3) of Schedule 17A.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-22" class="schProv1">
<num>22</num>
<intro>
<p>In section 121 (minor definitions) omit—</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-22-a">
<num>(a)</num>
<content>
<p>the definition of “assignment”;</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-22-b">
<num>(b)</num>
<content>
<p>the definition of “completion”;</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-22-c">
<num>(c)</num>
<content>
<p>paragraph (b) of the definition of “jointly entitled”;</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-22-d">
<num>(d)</num>
<content>
<p>the definition of “standard security”;</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-22-e">
<num>(e)</num>
<content>
<p>the definition of “surrender”.</p>
</content>
</level>
</paragraph>
<paragraph eId="schedule-3-paragraph-23" class="schProv1">
<num>23</num>
<intro>
<p>In section 122 (index of defined expressions) omit the entries relating to—</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-23-a">
<num>(a)</num>
<content>
<p>assignment (in Scotland);</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-23-b">
<num>(b)</num>
<content>
<p>completion (in Scotland);</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-23-c">
<num>(c)</num>
<content>
<p>standard security;</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-23-d">
<num>(d)</num>
<content>
<p>surrender (in Scotland).</p>
</content>
</level>
</paragraph>
<paragraph eId="schedule-3-paragraph-24" class="schProv1">
<num>24</num>
<subparagraph eId="schedule-3-paragraph-24-1">
<num>(1)</num>
<content>
<p>Schedule 4 (chargeable consideration) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-24-2">
<num>(2)</num>
<content>
<p>In paragraph 8(1C), omit “in England and Wales and Northern Ireland”.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-24-3">
<num>(3)</num>
<content>
<p>
Omit paragraph 10(2A)(c) (application of provisions relating to missives of let
<abbr title="Et cetera" xml:lang="la">etc</abbr>
).
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-24-4">
<num>(4)</num>
<content>
<p>Omit paragraph 17(5) (arrangements involving public or educational bodies).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-25" class="schProv1">
<num>25</num>
<subparagraph eId="schedule-3-paragraph-25-1">
<num>(1)</num>
<content>
<p>
Schedule 10 (returns,
<abbr title="Et cetera" xml:lang="la">etc</abbr>
) is amended as follows.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-25-2">
<num>(2)</num>
<content>
<p>In paragraph 7(1A) (correction of return by certain persons) omit paragraph (b).</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-25-3">
<num>(3)</num>
<content>
<p>In paragraph 45(2) (definition of “relevant tribunal”) omit paragraph (b).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-26" class="schProv1">
<num>26</num>
<subparagraph eId="schedule-3-paragraph-26-1">
<num>(1)</num>
<content>
<p>Schedule 15 (partnerships) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-26-2">
<num>(2)</num>
<content>
<p>In paragraph 12(2) omit “(or, in Scotland, as joint owners)” and “(or, in Scotland, as owners in common)”.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-26-3">
<num>(3)</num>
<content>
<p>In paragraph 20(2) omit “(or, in Scotland, as joint owners)” and “(or, in Scotland, as owners in common)”.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-27" class="schProv1">
<num>27</num>
<subparagraph eId="schedule-3-paragraph-27-1">
<num>(1)</num>
<content>
<p>Schedule 17A (further provision relating to leases) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-27-2">
<num>(2)</num>
<content>
<p>
<mod>
In paragraph 1 (meaning of “lease”) for “In the application of this Part to England and Wales or Northern Ireland” substitute
<quotedText>“ In this Part ”</quotedText>
.
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-27-3">
<num>(3)</num>
<content>
<p>In paragraph 4 (leases for indefinite term), in sub-paragraph (5)(b) omit “in England and Wales or Northern Ireland”.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-27-4">
<num>(4)</num>
<content>
<p>In paragraph 7 (variable or uncertain rent), omit sub-paragraph (4A)(c) and (d).</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-27-5">
<num>(5)</num>
<content>
<p>
In paragraph 10 (tenants' obligations
<abbr title="Et cetera" xml:lang="la">etc</abbr>
that do not count as chargeable consideration), in sub-paragraph (1)(a) omit “(in Scotland, the leased premises)”.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-27-6">
<num>(6)</num>
<content>
<p>In paragraph 12A(1) (agreement for lease) omit “in England and Wales or Northern Ireland”.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-27-7">
<num>(7)</num>
<content>
<p>In paragraph 12B(1) (assignment of agreement for lease) omit “in England and Wales or Northern Ireland”.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-27-8">
<num>(8)</num>
<content>
<p>
<mod>
In paragraph 13 (increase of rent treated as grant of new lease: variation of lease in first five years), in sub-paragraph (2)(b) for “any of paragraphs (a) to (d)” substitute
<quotedText>“ paragraph (a) or (b) ”</quotedText>
.
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-27-9">
<num>
<noteRef href="#key-f37c1e093211cc73f4f0582921497f83" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
(9)
</num>
<content>
<p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-27-10">
<num>(10)</num>
<content>
<p>Omit paragraph 19 (provisions relating to leases in Scotland).</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-3-part-1-crossheading-finance-act-2004">
<heading>
<i>Finance Act 2004</i>
</heading>
<paragraph eId="schedule-3-paragraph-28" class="schProv1">
<num>28</num>
<content>
<p>
In section 298 of the Finance Act 2004 (stamp duty land tax: notification
<abbr title="Et cetera" xml:lang="la">etc</abbr>
), omit subsection (3).
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-3-part-1-crossheading-finance-no-2-act-2005">
<heading>
<i>
Finance (
<abbr title="Number">No.</abbr>
2) Act 2005
</i>
</heading>
<paragraph eId="schedule-3-paragraph-29" class="schProv1">
<num>29</num>
<intro>
<p>
In section 47 of the Finance (
<abbr title="Number">No.</abbr>
2) Act 2005 (e-conveyancing) omit—
</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-29-a">
<num>(a)</num>
<content>
<p>subsection (1);</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-29-b">
<num>(b)</num>
<content>
<p>subsection (6)(b).</p>
</content>
</level>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-3-part-1-crossheading-finance-act-2006">
<heading>
<i>Finance Act 2006</i>
</heading>
<paragraph eId="schedule-3-paragraph-30" class="schProv1">
<num>30</num>
<content>
<p>In Schedule 25 to the Finance Act 2006 (amendments of Schedule 17A to Finance Act 2003), omit paragraph 5.</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-3-part-1-crossheading-finance-act-2009">
<heading>
<i>Finance Act 2009</i>
</heading>
<paragraph eId="schedule-3-paragraph-31" class="schProv1">
<num>31</num>
<subparagraph eId="schedule-3-paragraph-31-1">
<num>(1)</num>
<content>
<p>Schedule 61 to the Finance Act 2009 (alternative finance investment bonds) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-31-2">
<num>(2)</num>
<content>
<p>Paragraph 1 (interpretation) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-31-3">
<num>(3)</num>
<intro>
<p>In sub-paragraph (1)—</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-31-3-a">
<num>(a)</num>
<content>
<p>
<mod>
before the definition of “
<abbr class="acronym" title="Her Majesty's Revenue and Customs">HMRC</abbr>
” insert—
<quotedStructure startQuote="" endQuote="" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default">
<p>“effective date”, for a transaction relating to land in Scotland, is the date which would be the effective date (under section 119 of FA 2003) if Part 4 of FA 2003 applied to land in Scotland;</p>
</quotedStructure>
<inline name="appendText">;</inline>
</mod>
</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-31-3-b">
<num>(b)</num>
<content>
<p>omit the definition of “qualifying interest”.</p>
</content>
</level>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-31-4">
<num>(4)</num>
<content>
<p>
<mod>
After sub-paragraph (1) insert—
<quotedStructure startQuote="" endQuote="" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default">
<subsection>
<num>(1A)</num>
<intro>
<p>In this Schedule “qualifying interest”—</p>
</intro>
<level class="para1">
<num>(a)</num>
<content>
<p>in relation to land in England and Wales or Northern Ireland, means a major interest in land (within the meaning given by section 117 of FA 2003) except that it does not include a lease for a term of years of 21 years or less;</p>
</content>
</level>
<level class="para1">
<num>(b)</num>
<intro>
<p>in relation to land in Scotland, means—</p>
</intro>
<level class="para2">
<num>(i)</num>
<content>
<p>the interest of an owner of land, or</p>
</content>
</level>
<level class="para2">
<num>(ii)</num>
<content>
<p>the tenant's right over or interest in a property subject to a lease,</p>
</content>
</level>
<wrapUp>
<p>except that it does not include a lease for a period of 21 years or less.</p>
</wrapUp>
</level>
</subsection>
</quotedStructure>
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-31-5">
<num>(5)</num>
<content>
<p>Paragraph 5 (conditions for operation of relief) is amended as follows.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-31-6">
<num>(6)</num>
<intro>
<p>In sub-paragraph (6) (Condition D)—</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-31-6-a">
<num>(a)</num>
<content>
<p>
<mod>
after “Condition D” insert
<quotedText>“ (which applies in the case of land in England and Wales or Northern Ireland) ”</quotedText>
;
</mod>
</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-31-6-b">
<num>(b)</num>
<content>
<p>omit paragraph (b).</p>
</content>
</level>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-31-7">
<num>(7)</num>
<intro>
<p>In sub-paragraph (7) (charge or security for purposes of Condition D)—</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-31-7-a">
<num>(a)</num>
<content>
<p>omit “or security”;</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-31-7-b">
<num>(b)</num>
<content>
<p>in paragraph (a) omit “, or a security ranking first granted over,”.</p>
</content>
</level>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-31-8">
<num>(8)</num>
<content>
<p>
<mod>
In paragraph 6(1)(a) (relief from stamp duty land tax) for “the United Kingdom” substitute
<quotedText>“ England and Wales or Northern Ireland ”</quotedText>
.
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-31-9">
<num>(9)</num>
<intro>
<p>In paragraph 7 (withdrawal of relief in certain circumstances)—</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-31-9-a">
<num>(a)</num>
<content>
<p>
<mod>
in sub-paragraph (1) after “This paragraph applies if” insert
<quotedText>“ paragraph 6 applies but ”</quotedText>
;
</mod>
</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-31-9-b">
<num>(b)</num>
<content>
<p>
<mod>
in sub-paragraph (2) after “This paragraph also applies if” insert
<quotedText>“ paragraph 6 applies but ”</quotedText>
.
</mod>
</p>
</content>
</level>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-31-10">
<num>(10)</num>
<content>
<p>In paragraph 9 (discharge of charge when conditions for relief met) omit “or security”.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-31-11">
<num>(11)</num>
<content>
<p>
<mod>
In paragraph 11(2) (disapplication of
<abbr class="acronym" title="Captial Gains Tax">CGT</abbr>
relief if charge not given) for “the United Kingdom” substitute
<quotedText>“ England and Wales or Northern Ireland ”</quotedText>
.
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-31-12">
<num>(12)</num>
<content>
<p>
<mod>
In paragraph 12(1)(b) (
<abbr class="acronym" title="Captial Gains Tax">CGT</abbr>
relief on second transaction) for “the United Kingdom” substitute
<quotedText>“ England and Wales or Northern Ireland ”</quotedText>
.
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-31-13">
<num>(13)</num>
<intro>
<p>In paragraph 18(5) and (6) (discharge of charge if original land replaced)—</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-31-13-a">
<num>(a)</num>
<content>
<p>
<mod>
for “the United Kingdom” substitute
<quotedText>“ England and Wales or Northern Ireland ”</quotedText>
;
</mod>
</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-31-13-b">
<num>(b)</num>
<content>
<p>omit “or security”.</p>
</content>
</level>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-31-14">
<num>(14)</num>
<intro>
<p>
In paragraph 19(1) (
<abbr class="acronym" title="Her Majesty's Revenue and Customs">HMRC</abbr>
to notify Registrar of discharge)—
</p>
</intro>
<level class="para1" eId="schedule-3-paragraph-31-14-a">
<num>(a)</num>
<content>
<p>omit “or security”;</p>
</content>
</level>
<level class="para1" eId="schedule-3-paragraph-31-14-b">
<num>(b)</num>
<content>
<p>omit paragraph (b).</p>
</content>
</level>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-3-part-1-crossheading-public-finance-and-accountability-scotland-act-2000-asp-1">
<heading>
<i>Public Finance and Accountability (Scotland) Act 2000 (asp 1) </i>
</heading>
<paragraph eId="schedule-3-paragraph-32" class="schProv1">
<num>32</num>
<content>
<p>In section 9(1) of the Public Finance and Accountability (Scotland) Act 2000 (Keeper of the Registers of Scotland: financial arrangements) omit “(other than payments of stamp duty land tax)”.</p>
</content>
</paragraph>
</hcontainer>
</part>
</hcontainer>
</hcontainer>
</body>
</act>
</akomaNtoso>