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1.—(1) These Regulations may be cited as the Stamp Duty Land Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2005 and shall come into force on 1st August 2005.
(2) In these Regulations—
“chargeable interests” has the meaning given by section 48 of the Finance Act 2003(1);
“residential” and “non-residential property” have the meanings given in section 116 of the Finance Act 2003; and
a reference (without more) to a numbered section is a reference to the section of the Finance Act 2004 which is so numbered.
(3) For the purposes of these Regulations, section 839 of the Income and Corporation Taxes Act 1988(2) applies to determine whether persons are connected.
2003 c. 14. Section 48(7) was inserted by section 297(3) and paragraph 4(2) of Part 1 of Schedule 39 to the Finance Act 2004.
1988 c. 1. Section 839 was amended by paragraph 20 of Schedule 17 to the Finance Act 1995 (c. 4).
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