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Finance Act 2003
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Changes to legislation:
Finance Act 2003, Section 61A is up to date with all changes known to be in force on or before 16 November 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.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to Section 61A:
- specified provision(s) savings for amendments by 2018 anaw 1, s. 6, Sch. 6 by S.I. 2019/110 reg. 5
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 57(3) inserted by 2011 c. 11 Sch. 22 para. 4
- s. 87(3)(a)(ia) inserted by S.I. 2003/2760 Sch. para. 3(4)(a) (This amendment not applied to legislation.gov.uk. The affecting S.I. is revoked and superseded by S.I. 2003/2816)
- Sch. 12 para. 3(2)(aa) inserted by 2007 asp 3 Sch. 5 para. 32 (This effect was superseded by the repeal of Sch. 12 para. 3 by Finance Act 2008 (c. 9), s. 129(4), Sch. 43 para. 16)
- Sch. 12 para. 1A inserted by 2007 c. 15 Sch. 13 para. 147(2) (The amending provision was repealed before coming into force.)
- Sch. 12 para. 1A omitted by 2008 c. 9 Sch. 43 para. 9 (The amending provision was repealed before coming into force.)
- Sch. 17A para. 10(1)(f)(fa) substituted for Sch. 17A para. 10(1)(f) by 2024 c. 22 Sch. 9 para. 12(b)
[F161ARelief for [F2special tax sites]U.K.
(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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