[F165APAIF seeding relief and COACS seeding reliefU.K.
(1)Schedule 7A provides for relief from stamp duty land tax.
(2)In that Schedule—
(a)Part 1 makes provision for relief for property authorised investment funds (PAIF seeding relief), and
(b)Part 2 makes provision for relief for co-ownership authorised contractual schemes (COACS seeding relief).
(3)Any relief under that Schedule must be claimed in a land transaction return or an amendment of such a return, and must be accompanied by a notice to HMRC referring to the claim.
(4)In the case of a claim for PAIF seeding relief, the notice must confirm that the purchaser is—
(a)a property AIF as defined in paragraph 2(2) of Schedule 7A, or
(b)a company treated as a property AIF by virtue of paragraph 2(5) of Schedule 7A (equivalent EEA funds).
(5)In the case of a claim for COACS seeding relief, the notice must confirm that the purchaser is—
(a)a co-ownership authorised contractual scheme as defined in section 102A(8), or
(b)an entity treated as a co-ownership authorised contractual scheme by virtue of section 102A(7) (equivalent EEA schemes).
(6)The notice must be in such form, and contain such further information, as HMRC may require.]
Textual Amendments
F1S. 65A inserted (with effect in accordance with Sch. 16 para. 15 of the amending Act) by Finance Act 2016 (c. 24), Sch. 16 para. 3