SCHEDULES
SCHEDULE 10Stamp duty land tax: miscellaneous amendments
Part 1Amendments coming into force in accordance with paragraph 16
Group relief
4
In paragraph 3 of Schedule 7 (withdrawal of group relief)—
a
for sub-paragraph (2) substitute—
2
The amount chargeable is the tax that would have been chargeable in respect of the relevant transaction but for group relief if the chargeable consideration for that transaction had been an amount equal to—
a
the market value of the subject-matter of the transaction, and
b
if the acquisition was the grant of a lease at a rent, that rent,
or, as the case may be, an appropriate proportion of the tax that would have been so chargeable.
b
at the end of sub-paragraph (5) insert “
and paragraph 4A (withdrawal of group relief in certain cases involving successive transactions)
”
.