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SCHEDULES

[F1SCHEDULE 6CU.K.Stamp duty land tax: relief for [F2special tax sites]

Textual Amendments

F2Words in Sch. 6C heading substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 8(e)

PART 5U.K.Power to change when relief is available

Power to change the cases in which relief is availableU.K.

12(1)The Treasury may by regulations—

(a)amend the meaning of “[F3qualifying land]”, [F4or]

[F5(b)make other provision about the availability of relief under this Schedule, including provision—

(i)adding, removing or altering, or otherwise about, conditions that must be met in order for relief to be available,

(ii)about the withdrawal of relief, or

(iii)about returns where relief is withdrawn.]

(2)Regulations under this paragraph may not remove the requirement for land to be situated in a [F6special tax site].

(3)Regulations under this paragraph may, among other things—

(a)make provision by reference to the land, the land transaction, the purchaser or connected persons;

(b)impose conditions relating to accounts or other records;

(c)impose other conditions requiring a person to take steps specified in the regulations.

(4)Regulations under this paragraph—

(a)may amend, repeal or otherwise modify provisions of this Schedule, and

(b)where made in reliance on [F7sub-paragraph (1)(b) of this paragraph or on] section 114(6)(c), may amend, repeal or otherwise modify other provisions of this Act.

[F8(5)The power to make regulations under this paragraph may be exercised only in relation to transactions with an effective date that is on or after the date on which the regulations come into force.]]

Textual Amendments

F5Sch. 6C para. 12(1)(b) substituted for Sch. 6C para. 12(1)(b)(c) (24.2.2022) by Finance Act 2022 (c. 3), Sch. 16 para. 6(2)(b)