Valid from 07/04/2005
1(1)Schedule 6 to FA 2003 (disadvantaged areas relief) is amended as follows.U.K.
(2)In paragraph 3 (land wholly situated in a disadvantaged area: introduction), after “if” insert “ (a) ” and at the end insert “, and
(b)the land is wholly or partly residential property”.
(3)Omit paragraph 4 (land wholly situated in a disadvantaged area: exemption from charge where land all non-residential).
(4)In paragraph 6 (land wholly situated in a disadvantaged area: cases where land partly non-residential and partly residential)—
(a)for the first sentence of sub-paragraph (1) substitute— “ This paragraph applies, where the land is partly non-residential property and partly residential property, in relation to the consideration attributable to land that is residential property. ”;
(b)in the second sentence of that sub-paragraph omit “land that is non-residential property or”;
(c)omit sub-paragraphs (2) and (3).
(5)In paragraph 7 (land partly situated in a disadvantaged area: introduction), in sub-paragraph (1) after “if” insert “ (a) ” and at the end of that sub-paragraph insert “, and
(b)the land situated in a disadvantaged area is wholly or partly residential property”.
(6)Omit paragraph 8 (land partly situated in a disadvantaged area: exemption from charge for part so situated if all non-residential).
(7)In paragraph 10 (land partly situated in a disadvantaged area: cases where part so situated is partly non-residential and partly residential)—
(a)for the first sentence of sub-paragraph (1) substitute— “ This paragraph applies, where the land situated in a disadvantaged area is partly non-residential property and partly residential property, in relation to the consideration attributable to land that is residential property. ”;
(b)in the second sentence of that sub-paragraph omit “land that is non-residential property or”;
(c)omit sub-paragraphs (2) and (3).