SCHEDULES

F1SCHEDULE 6CStamp duty land tax: relief for F4special tax sites

Annotations:
Amendments (Textual)
F4

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

PART 2The relief

7Attributing chargeable consideration to land

1

For the purposes of this Schedule, the consideration attributable to F2qualifying land must be determined on a just and reasonable basis.

2

Sub-paragraphs (3) and (4) apply if less than 100% of the chargeable consideration attributable to transaction land situated in a F3special tax siteF5(“the relevant consideration”) is attributable to land that satisfies the condition in paragraph 2(b).

3

If at least 90% of the freeport consideration is attributable to land that satisfies the condition in paragraph 2(b) then, for the purposes of this Schedule, all of F6the relevant consideration is to be treated as being attributable to F2qualifying land.

4

If less than 10% of F7the relevant consideration is attributable to land that satisfies the condition in paragraph 2(b) then, for the purposes of this Schedule, all of the freeport consideration is to be treated as not being attributable to F2qualifying land.