{
  "url": "https://openlegislation.uk/finance-act-2001/schedule-32/paragraph-3",
  "json_url": "https://openlegislation.uk/finance-act-2001/schedule-32/paragraph-3.json",
  "legislation": "ukpga/2001/9",
  "legislation_title": "Finance Act 2001",
  "legislation_url": "https://openlegislation.uk/finance-act-2001",
  "path": "schedule/32/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": "Meaning of “subsequent new owner”",
  "text": "For the purposes of this Schedule, a “subsequent new owner” is any participator in the field who has the transferred interest, or any part of the transferred interest, as a result of—\n(a) a transfer by the new participator of the whole or part of the transferred interest, or\n(b) the combination of such a transfer as is mentioned in paragraph (a) and—\n(i) a transfer by a subsequent new owner of the whole or part of the transferred interest, or\n(ii) two or more such transfers as are mentioned in sub-paragraph (i).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2001/9/schedule/32/paragraph/3",
    "retrieved_at": "2026-10-29T09:20:10.469456+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}