http://www.legislation.gov.uk/ukpga/2003/14/schedule/9/paragraph/11
Finance Act 2003
An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance.
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Statute Law Database
2024-05-20
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2024-02-22
Finance Act 2003
s. 87(3)(a)
(ia)
The Stamp Duty and Stamp Duty Land Tax (Variation of the Finance Act 2003) Regulations 2003
Sch.
para. 3(4)(a)
reg. 1
Finance Act 2003
Sch. 12
para. 1A
Tribunals, Courts and Enforcement Act 2007
Sch. 13
para. 147(2)
s. 89
s. 148
art. 2(1)(b)
Finance Act 2003
Sch. 12
para. 3(2)(aa)
Bankruptcy and Diligence etc. (Scotland) Act 2007
Sch. 5
para. 32
s. 223
s. 227(3)
art. 3(2)
(3)
art. 4
Finance Act 2003
Sch. 12
para. 1A
Finance Act 2008
Sch. 43
para. 9
s. 129(4)
art. 2
Finance Act 2003
s. 57(3)
Finance Act 2011
Sch. 22
para. 4
Finance Act 2003
specified provision(s)
The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019
Rheoliadau Deddf Diddymu’r Hawl i Brynu a Hawliau Cysylltiedig (Cymru) 2018 (Diwygiadau Canlyniadol a Darpariaethau Arbed) 2019
reg. 5
SCHEDULES
C1SCHEDULE 9Stamp duty land tax: right to buy, shared ownership leases etc
Annotations:
Modifications etc. (not altering text)
F1Shared ownership trust: treatment of additional payments where no election made
Annotations:
Amendments (Textual)
F1
Sch. 9 paras. 7-11 and cross-headings inserted (with effect in accordance with s. 77(2) of the amending Act) by Finance Act 2007 (c. 11), s. 77(1)
11
Where no election has been made under paragraph 9 in respect of a shared ownership trust—
a
the initial capital shall be treated for the purposes of stamp duty land tax as chargeable consideration other than rent, and
b
any rent-equivalent F2... payment by the purchaser shall be treated for the purposes of stamp duty land tax as a payment of rent.
Sch. 9 modified (temp.) (22.7.2020) by Stamp Duty Land Tax (Temporary Relief) Act 2020 (c. 15), s. 1 (as amended (10.6.2021) by 2021 c. 26, s. 87(2))