Interpretation of Schedule
99.Schedule 2A Paragraph 21(1) and (2) set out a list of key expressions used in the Schedule and where those expressions are defined.
100.Sub-paragraph (3) provides that there is only one original purchaser where a chargeable interest is acquired but cases involving joint purchasers are disregarded.
101.Paragraphs 4 -10 are a series of consequential amendments to FA 2003 as a result of the insertion of Schedule 2A.
102.Paragraph 11 provides that the amendments made in Schedule 2A apply to transfers of rights (within section 45 FA 2003) and pre-completion transactions (which replaces the term “transfers of rights”) entered into on or after Royal Assent to Finance Act 2013.
