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 2U.K.The relief

Attributing chargeable consideration to landU.K.

7(1)For the purposes of this Schedule, the consideration attributable to [F3qualifying 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 [F4special tax site] [F5(“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 [F3qualifying 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 [F3qualifying land].]

Textual Amendments