SCHEDULEAmendments to enactments

PART 1Acts of Parliament

Broadcasting Act 199625

1

In Schedule 7 of the Broadcasting Act 199640, paragraph 25 is amended as follows.

2

For the heading substitute “Stamp duty and stamp duty land tax”.

3

After sub-paragraph (1) insert—

1A

A land transaction which is effected by a restructuring scheme, or effected in accordance with, or in pursuance of an obligation imposed by a restructuring scheme is exempt from charge for the purposes of stamp duty land tax.

1B

Relief under sub-paragraph (1A) must be claimed in a land transaction return or an amendment of such a return.

4

In sub-paragraph (4), after “In this paragraph—” insert—

  • “land transaction” has the meaning given in section 43(1) of the Finance Act 2003;

  • “land transaction return” has the meaning given by section 76(1) of that Act;