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Finance Act 2003, Section 61A is up to date with all changes known to be in force on or before 10 September 2024. 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.
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(1)Schedule 6C provides for relief in the case of transactions relating to land in a [F3special tax site].
(2)In that Schedule—
(a)Part 1 contains definitions,
(b)Part 2 makes provision about the relief,
(c)Part 3 makes provision about the withdrawal of the relief,
(d)Part 4 makes provision about cases involving alternative finance arrangements, and
(e)Part 5 confers power to change the cases in which the relief is available.
(3)Relief under that Schedule is available only in relation to a land transaction with an effective date falling on or before [F4the applicable sunset date in relation to the special tax site concerned (as to which see section 332(4) and (5) of the Finance (No.2) Act 2023)].
(4)Any relief under that Schedule must be claimed in a land transaction return or an amendment of such a return.
(5)A claim for relief under that Schedule must—
(a)be made on or before [F5the period of one year and 14 days beginning with the end of the applicable sunset date in relation to the special tax site in which the transaction land is situated], and
(b)include, or be accompanied by, such information as HMRC may require.
(6)In this section and Schedule 6C, [F6“special tax site” means an area for the time being designated under section 113 of the Finance Act 2021].]
Textual Amendments
F1S. 61A inserted (10.6.2021) by Finance Act 2021 (c. 26), Sch. 23 para. 2
F2Words in s. 61A heading substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 2(d)
F3Words in s. 61A(1) substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 2(a)
F4Words in s. 61A(3) substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), s. 332(1)(4)
F5Words in s. 61A(5)(a) substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 2(b)
F6Words in s. 61A(6) substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 2(c)
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