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Status:
Point in time view as at 10/07/2008.
Changes to legislation:
There are currently no known outstanding effects for the Finance Act 2005, Cross Heading: Stamp duty.
Changes to Legislation
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Stamp dutyU.K.
2(1)The Stamp Duty (Disadvantaged Areas) (Application of Exemptions) Regulations 2003 (S.I. 2003/1056) are amended as follows.U.K.
(2)After regulation 2 insert—
“2ADisapplication of exemptions conferred by section 92 or by Schedule 30 where all of land is non-residential property
An exemption conferred by section 92 or by Schedule 30 shall not apply where none of the land in question is residential property.”.
(3)In regulation 5 (application of exemptions conferred by section 92 or by Schedule 30 where land only partly residential property), after paragraph (3) insert—
“(3A)An exemption conferred by section 92 or by Schedule 30 shall not apply in relation to any duty chargeable in respect of relevant consideration, or the rate or average rate of rent, attributed to the land in question to the extent that it is not residential property.”.
3U.K.The insertion by paragraph 2 of provisions into the Stamp Duty (Disadvantaged Areas) (Application of Exemptions) Regulations 2003 is without prejudice to the power to amend or revoke those provisions by further regulations under section 92A of FA 2001.
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