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Finance Act 2003

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Changes over time for: Paragraph 1

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Version Superseded: 08/12/2004

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Status:

Point in time view as at 10/07/2003.

Changes to legislation:

Finance Act 2003, Paragraph 1 is up to date with all changes known to be in force on or before 25 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

1(1)A land transaction return must—U.K.

(a)be in the prescribed form,

(b)contain the prescribed information, and

(c)include a declaration by the purchaser (or each of them) that the return is to the best of his knowledge correct and complete.

(2)In sub-paragraph (1) “prescribed” means prescribed by regulations made by the Inland Revenue.

(3)The regulations may make different provision for different kinds of return.

(4)Regulations under sub-paragraph (1)(b) may require the provision of information corresponding to any of the particulars formerly required under—

(a)Schedule 2 to the Finance Act 1931 (c. 28) (requirement to deliver particulars of land transactions in Great Britain), or

(b)section 244 of the Finance Act 1994 (c. 9) (corresponding provision for Northern Ireland).

(5)The return is treated as containing any information provided by the purchaser for the purpose of completing the return.

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