Schedules

Schedule 9Part 2: consequential amendments to other legislation

I112Finance Act 2003

In the Finance Act 2003—

a

in Schedule 4 (stamp duty land tax: chargeable consideration), for paragraph 16C substitute—

16C

The following do not count as chargeable consideration—

a

costs borne by the purchaser under section 9(4) of the Leasehold Reform Act 1967, where it applies by virtue of section 7A of that Act;

b

any amount payable by the purchaser under section 19C of the Leasehold Reform Act 1967;

c

any amount payable by the purchaser under section 89C or 89D of the Leasehold Reform, Housing and Urban Development Act 1993.

b

in Schedule 17A (leases: further provision), in paragraph 10 (tenants’ obligations etc that do not count as chargeable consideration), for sub-paragraph (1)(f) substitute—

f

any liability of the tenant for costs under section 14(2) of the Leasehold Reform Act 1967, where it applies by virtue of section 32(5) of that Act;

fa

any amount payable by the tenant under section 19C of the Leasehold Reform Act 1967 or section 89F of the Leasehold Reform, Housing and Urban Development Act 1993;