Finance Act 2003
2003 c. 14 · Enacted 10 July 2003 · Extends to United Kingdom
Most Gracious Sovereign,
We, Your Majesty’s most dutiful and loyal subjects, the Commons of the United Kingdom in Parliament assembled, towards raising the necessary supplies to defray Your Majesty’s public expenses, and making an addition to the public revenue, have freely and voluntarily resolved to give and to grant unto Your Majesty the several duties hereinafter mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted, and be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—C1C2C3
Annotations to the whole text
Modifications
- C1
Act modified (21.2.2009) by The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317), arts. 1, 3, Sch.
- C2
Act applied (with modifications) (8.2.2011) by The Investment Bank Special Administration Regulations 2011 (S.I. 2011/245), reg. 1, Sch. 6 Pt. 1 (with reg. 27(a))
- C3
Act applied (with modifications) (8.7.2021) by The Payment and Electronic Money Institution Insolvency Regulations 2021 (S.I. 2021/716), reg. 2, Sch. 3 paras. 2, 3 (with reg. 5) (as amended (4.1.2024) by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 4, 21(4))
Contents
- Part 1: Excise duties
- Tobacco products duty
- 1Rates of tobacco products duty
- Alcoholic liquor duties
- 2Rate of duty on beer
- 3Rates of duty on wine and made-wine
- Hydrocarbon oil duties
- 4Rates of hydrocarbon oil duties
- 5Rebates on hydrocarbon oil duties
- Betting and gaming duties
- 6General betting duty and pool betting duty: relief for losses
- 7General betting duty: betting exchanges
- 8General betting duty: restriction of exemption for on-course bets
- 9Bingo duty Repealed
- 10Amusement machines not operated by coins or tokens
- 11Amusement machines: use of currencies other than sterling
- 12Responsibility for unlicensed amusement machines
- 13Rates of gaming duty
- Vehicle excise duty
- 14Vehicle excise duty: rates
- 15Disclosure for exemptions: Northern Ireland
- 16Duty at higher rate: exception for tractive units
- Part 2: Value added tax
- 17Requirement of evidence or security
- 18Joint and several liability for unpaid VAT of another trader
- 19Face-value vouchers
- 20Supplies arising from prior grant of fee simple
- 21Business gifts
- 22Non-business use of business property Repealed
- 23Supply of electronic services in member States: special accounting scheme Repealed
- Part 3: Taxes and duties on importation and exportation: penalties
- Preliminary
- 24Introductory
- The penalties
- 25Penalty for evasion
- 26Penalty for contravention of relevant rule
- 27Exceptions from section 26
- 28Liability of directors etc where body corporate liable to penalty for evasion
- Reduction of amount of penalty
- 29Reduction of penalty under section 25 or 26
- Demand notices
- 30Demands for penalties
- 31Time limits for demands for penalties
- 32No prosecution after demand notice for penalty under section 26
- Appeals and reviews
- 33Right to appeal against certain decisions
- 33AOffer of review
- 33BReview by HMRC
- 33CExtensions of time
- 33DReview out of time
- 33ENature of review etc
- 33FBringing of appeals
- 34Time limit and right to further review Repealed
- 35Powers of Commissioners on a review Repealed
- 36Appeals to a tribunal Repealed
- 37Appeal tribunals
- Evidence
- 38Admissibility of certain statements and documents
- Miscellaneous and supplementary
- 39Service of notices
- 40Penalties not to be deducted for income tax or corporation tax purposes Repealed
- 41Regulations and orders
- Part 4: Stamp duty land tax
- Introduction
- 42The tax
- Land transactions
- 43Land transactions
- 44Contract and conveyance
- 44AContract providing for conveyance to third party
- 45Transactions entered into before completion of contract
- 45AContract providing for conveyance to third party: effect of transfer of rights
- 46Options and rights of pre-emption
- 47Exchanges
- Chargeable interests, chargeable transactions and chargeable consideration
- 48Chargeable interests
- 48AInterests, transactions and consideration where land in England and Wales
- 49Chargeable transactions
- 50Chargeable consideration
- 51Contingent, uncertain or unascertained consideration
- 52Annuities etc: chargeable consideration limited to twelve years' payments
- 53Deemed market value where transaction involves connected company
- 54Exceptions from deemed market value rule
- Amount of tax chargeable
- 55Amount of tax chargeable: general
- 55AAmount of tax chargeable: higher rate for certain transactions
- 56Amount of tax chargeable: rent
- Reliefs
- 57Disadvantaged areas relief Repealed
- 57ASale and leaseback arrangements
- 57AAFirst-time buyers Repealed
- 57BFirst-time buyers
- 58ARelief for certain acquisitions of residential property
- 58BRelief for new zero-carbon homes
- 58CRelief for new zero-carbon homes: supplemental
- 58DTransfers involving multiple dwellings
- 60Compulsory purchase facilitating development
- 61Compliance with planning obligations
- 61ARelief for special tax sites
- 62Group relief and reconstruction or acquisition relief
- 63Demutualisation of insurance company
- 64Demutualisation of building society
- 64AInitial transfer of assets to trustees of unit trust scheme Repealed
- 65Incorporation of limited liability partnership
- 65ASeeding relief
- 66Transfers involving public bodies
- 66AResolution of financial institutions
- 67Transfer in consequence of reorganisation of parliamentary constituencies
- 67AAcquisitions by certain health service bodies
- 68Charities relief
- 69Acquisition by bodies established for national purposes
- 70Right to buy transactions, shared ownership leases etc
- 71Certain acquisitions by registered providers of social housing etc
- 71AAlternative property finance: land sold to financial institution and leased to person
- 72Alternative property finance in Scotland: land sold to financial institution and leased to person Repealed
- 72AAlternative property finance in Scotland: land sold to financial institution and person in common Repealed
- 73Alternative property finance: land sold to financial institution and re-sold to person
- 73ASections 71A to 73: relationship with Schedule 7
- 73ABSection 71A : arrangements to transfer control of financial institution
- 73BExempt interests
- 73BAMeaning of “financial institution”
- 73CAlternative finance investment bonds
- 73CASections 71A to 73: first-time buyers Repealed
- 74Exercise of collective rights by tenants of flats
- 75Crofting community right to buy Repealed
- Increased rates for non-resident transactions
- 75ZAIncreased rates for non-resident transactions
- Anti-avoidance
- 75AAnti-avoidance
- 75BAnti-avoidance: incidental transactions
- 75CAnti-avoidance: supplemental
- Returns and other administrative matters
- 76Duty to deliver land transaction return
- 77Notifiable transactions
- 77AExceptions for certain acquisitions of major interests in land
- 78Returns, enquiries, assessments and related matters
- 78ADisclosure of information contained in land transaction returns
- 79Registration of land transactions etc
- 80Adjustment where contingency ceases or consideration is ascertained
- 81Further return where relief withdrawn
- 81ZAAlternative finance arrangements: return where relief withdrawn
- 81AReturn or further return in consequence of later linked transaction
- 81BDeclaration by person authorised to act on behalf of individual
- 82Loss or destruction of, or damage to, return etc
- 82AClaims not included in returns
- 83Formal requirements as to assessments, penalty determinations etc
- 84Delivery and service of documents
- Liability for and payment of tax
- 85Liability for tax
- 86Payment of tax
- 87Interest on unpaid tax
- 87AInterest on unpaid tax: cases involving Reserved Investor Fund (Contractual Schemes)
- 88Interest on penalties
- 89Interest on repayment of tax overpaid etc
- 90Application to defer payment in case of contingent or uncertain consideration
- 91Collection and recovery of tax etc
- 92Payment by cheque
- Compliance
- 93Information powers
- 94Power to inspect premises Repealed
- 95Offence of fraudulent evasion of tax
- 96Penalty for assisting in preparation of incorrect return etc Repealed
- 97Power to allow further time and reasonable excuse for failure
- 98Admissibility of evidence not affected by offer of settlement etc
- 99General provisions about penalties
- Application of provisions
- 100Companies
- 101Unit trust schemes
- 102Open-ended investment companies
- 102ACo-ownership ... contractual schemes
- 103Joint purchasers
- 104Partnerships
- 105Trustees
- 106Persons acting in a representative capacity etc
- 107Crown application
- Supplementary provisions
- 108Linked transactions
- 109General power to vary this Part by regulations
- 110Approval of regulations under general power
- 111Claim for repayment if regulations under general power not approved
- 112Power to amend certain provisions before implementation
- 113Functions conferred on “the Inland Revenue”
- 114Orders and regulations made by the Treasury or the Inland Revenue
- 115General and Special Commissioners, appeals and other proceedings Repealed
- Interpretation etc
- 116Meaning of “residential property”
- 117Meaning of “major interest” in land
- 118Meaning of “market value”
- 119Meaning of “effective date” of a transaction
- 120Further provisions relating to leases
- 121Minor definitions
- 122Index of defined expressions
- Final provisions
- 123Consequential amendments
- 124Commencement and transitional provisions
- Part 5: Stamp duty
- 125Abolition of stamp duty except on instruments relating to stock or marketable securities
- 126Circumstances in which group relief withdrawn
- 127Circumstances in which relief for company acquisitions withdrawn Repealed
- 128Exemption of certain leases granted by registered social landlords Repealed
- 129Relief for certain leases granted before section 128 has effect Repealed
- 130Registered social landlords: treatment of certain leases granted between 1st January 1990 and 27 March 2000
- Part 6: Income tax and corporation tax: charge and rate bands
- Income tax
- 131Charge and rates for 2003-04 Repealed
- 132Indexed rate bands for 2003-04: PAYE deductions etc Repealed
- Corporation tax
- 133Charge and main rate for financial year 2004
- 134Small companies' rate and fraction for financial year 2003 Repealed
- 135Corporation tax starting rate and fraction for financial year 2003
- Part 7: Income tax, corporation tax and capital gains tax: general
- Employment income and related matters
- 136Provision of services through intermediary
- 137Exemption where homeworker’s additional expenses met by employer
- 138Taxable benefits: lower threshold for cars with a CO2 emissions figure
- 139Approved share plans and schemes
- 140Employee securities and options
- 141Corporation tax relief for employee share acquisitions Repealed
- 142Ending of relief for contributions to QUESTS
- 143Restriction of deductions for employee benefit contributions Repealed
- 144PAYE on notional payments: reimbursement period
- 145PAYE: regulations and notional payments
- 146Payroll giving: extension of 10% supplement to 5th April 2004 Repealed
- 147Sub-contractor deductions etc: interest on late payment or repayment
- Taxation of non-resident companies and related matters
- 148Meaning of “permanent establishment” Repealed
- 149Non-resident companies: basis of charge to corporation tax
- 150Non-resident companies: assessment, collection and recovery of corporation tax Repealed
- 151Non-resident companies: extent of charge to income tax Repealed
- 152Non-resident companies: transactions carried out through broker, investment manager or Lloyd’s agent Repealed
- 153General replacement of references to branch or agency of company
- 154Double taxation relief: profits attributable to overseas permanent establishment Repealed
- 155Consequential amendments
- 156Overseas life insurance companies Repealed
- Chargeable gains
- 157Life insurance policies and deferred annuity contracts
- 158Application of market value rule in case of exercise of option
- 159Reporting limits and annual exempt amount
- 160Taper relief: assets qualifying as business assets Repealed
- 161Earn-out rights to be treated as securities unless contrary election
- 162Deferred unascertainable consideration: election for treatment of loss
- 163Transfers of value: attribution of gains to beneficiaries
- Capital allowances and related matters
- 164Avoidance affecting proceeds of balancing event
- 165Extension of first-year allowances for ICT expenditure by small enterprises Repealed
- 166Expenditure on software for sub-licensing Repealed
- 167First-year allowances for expenditure on environmentally beneficial plant or machinery
- 168Relief for research and development Repealed
- 169Tonnage tax: extension of capital allowance restrictions on lessors of ships
- Life insurance and pensions
- 170Insurance companies
- 171Policies of life insurance etc: miscellaneous amendments Repealed
- 172Charges under life insurance policies for exceptional risk of disability
- 173Gains on policies of life insurance etc: rate of tax
- 174Personal pension arrangements: limit on contributions Repealed
- Miscellaneous
- 175Payments to adopters Repealed
- 176Foster carers Repealed
- 177Currency contracts and currency options
- 178Loan relationships: amendments Repealed
- 179Derivative contracts: transactions within groups Repealed
- 180Contributions to urban regeneration companies
- 181Repos etc
- 182Relevant discounted securities: withdrawal of relief for costs and losses, etc
- 183Court common investment funds Repealed
- 184Intangible fixed assets: tax avoidance arrangements and related parties Repealed
- Part 8: Other taxes
- Inheritance tax
- 185Gifts with reservation
- 186Authorised unit trusts, OEICs and common investment funds
- Landfill tax
- 187Rate of landfill tax
- Climate change levy
- 188Exemption for fuel used in recycling processes Repealed
- 189CHP exemption to be based on current efficiency
- 190Supplies not known to be taxable when made, etc
- 191Deemed supplies
- 192Amendments about registration, payment etc
- 193Electricity from renewable sources etc
- Insurance premium tax
- 194Higher rate of tax: divided companies
- Part 9: Miscellaneous and supplementary provisions
- Provisions consequential on changes to company law
- 195Companies acquiring their own shares
- 196Companies in administration
- International matters
- 197Exchange of information between tax authorities of member States Repealed
- 198Arrangements for mutual exchange of tax information Repealed
- 199Savings income: Community obligations and international arrangements Repealed
- 200Controlled foreign companies: exempt activities
- 201Application of CFC provisions to Hong Kong and Macao companies
- Administrative matters
- 202Deduction of tax from interest: recognised clearing houses etc Repealed
- 203Authorised unit trusts: interest distributions paid gross
- 204Mandatory electronic payment
- 205Use of electronic means of payment under other provisions
- 206Admissibility of evidence not affected by offer of settlement etc
- 207Consequential claims etc
- National Savings
- 208Ordinary accounts and investment accounts
- 209Abolition of accounting requirements relating to investment deposits
- Other financial matters
- 210Payments for service of national debt
- 211Definition of liabilities and assets of National Loans Fund
- 212Accounts of Consolidated Fund and National Loans Fund
- 213Debt Management Account: abolition of borrowing cap
- 214Payments in error from or to National Loans Fund
- Supplementary
- 215Interpretation
- 216Repeals
- 217Short title
- Schedule 1: VAT: face-value vouchers
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- Schedule 2: Supply of electronic services in member States: VAT special accounting scheme Repealed
- Introductory Repealed
- 1Paragraph 1 Repealed
- Insertion of new section 3A Repealed
- 2Paragraph 2 Repealed
- Persons registered under Schedule 1 Repealed
- 3Paragraph 3 Repealed
- The special accounting scheme Repealed
- 4Paragraph 4 Repealed
- Schedule 2A: Transactions entered into before completion of contract
- Pre-completion transactions
- 1Paragraph 1
- Other key expressions
- 2Paragraph 2
- Tax not charged on transferee by reason of the pre-completion transaction
- 3Paragraph 3
- Assignments of rights: application of rules about completion and consideration
- 4Paragraph 4
- Assignment of rights: transferor treated as making separate acquisition
- 5Paragraph 5
- Paragraph 5: effect of rescission etc following substantial performance
- 6Paragraph 6
- Assignment of rights relating to part only of subject-matter of original contract
- 7Paragraph 7
- Assignment of rights: references to “the vendor”
- 8Paragraph 8
- Free-standing transfers: consideration and substantial performance
- 9Paragraph 9
- Meaning of “the vendor”: cases involving free-standing transfers
- 10Paragraph 10
- Paragraph 10: “the first appropriate transaction” and “the original contract”
- 11Paragraph 11
- Minimum consideration rule
- 12Paragraph 12
- The first minimum amount
- 13Paragraph 13
- The second minimum amount
- 14Paragraph 14
- Relief for transferor: assignment of rights
- 15Paragraph 15
- Relief for original purchaser: qualifying subsales
- 16Paragraph 16
- Application of paragraph 16 to successive subsales
- 17Paragraph 17
- Tax avoidance arrangements
- 18Paragraph 18
- Exclusion of transactions from duty to make returns etc
- 19Paragraph 19
- Connected persons
- 20Paragraph 20
- Interpretation of Schedule
- 21Paragraph 21
- Schedule 3: Stamp duty land tax: transactions exempt from charge
- No chargeable consideration
- 1Paragraph 1
- Grant of certain leases by registered social landlords
- 2Paragraph 2
- Transactions in connection with divorce etc
- 3Paragraph 3
- Assents and appropriations by personal representatives
- 3AParagraph 3A
- Transactions in connection with dissolution of civil partnership etc
- 3AParagraph 3A
- Variation of testamentary dispositions etc
- 4Paragraph 4
- Power to add further exemptions
- 5Paragraph 5
- Schedule 4: Stamp duty land tax: chargeable consideration
- Money or money’s worth
- 1Paragraph 1
- Value added tax
- 2Paragraph 2
- Postponed consideration
- 3Paragraph 3
- Just and reasonable apportionment
- 4Paragraph 4
- Exchanges
- 5Paragraph 5
- Partition etc: disregard of existing interest
- 6Paragraph 6
- Valuation of non-monetary consideration
- 7Paragraph 7
- Debt as consideration
- 8Paragraph 8
- Cases where conditions for exemption not fully met
- 8AParagraph 8A
- Conversion of amounts in foreign currency
- 9Paragraph 9
- Carrying out of works
- 10Paragraph 10
- Provision of services
- 11Paragraph 11
- Land transaction entered into by reason of employment
- 12Paragraph 12
- Obligations under lease
- 13Paragraph 13 Repealed
- Surrender of existing lease in return for new lease
- 14Paragraph 14 Repealed
- Reverse premium
- 15Paragraph 15 Repealed
- Indemnity given by purchaser
- 16Paragraph 16
- Purchaser bearing inheritance tax liability
- 16AParagraph 16A
- Purchaser bearing capital gains tax liability
- 16BParagraph 16B
- Costs of enfranchisement
- 16CParagraph 16C
- Arrangements involving public or educational bodies
- 17Paragraph 17
- Schedule 4ZA: Stamp duty land tax: higher rates for additional dwellings and dwellings purchased by companies
- Part 1: Higher rates
- 1Paragraph 1
- Part 2: Meaning of “higher rates transaction”
- Meaning of “higher rates transaction” etc
- 2Paragraph 2
- Single dwelling transactions
- 3Paragraph 3
- 4Paragraph 4
- Multiple dwelling transactions
- 5Paragraph 5
- 6Paragraph 6
- 7Paragraph 7
- Exception where purchaser has prior interest in purchased dwelling
- 7AParagraph 7A
- Part 3: Supplementary provisions
- Further provision in connection with paragraph 3(6) and (7)
- 8Paragraph 8
- Spouses and civil partners purchasing alone
- 9Paragraph 9
- Spouses and civil partners purchasing from one another
- 9AParagraph 9A
- Property adjustment on divorce, dissolution of civil partnership etc
- 9BParagraph 9B
- Settlements and bare trusts
- 10Paragraph 10
- 11Paragraph 11
- 12Paragraph 12
- 13Paragraph 13
- Partnerships
- 14Paragraph 14
- Alternative finance arrangements
- 15Paragraph 15
- Major interests in dwellings inherited jointly
- 16Paragraph 16
- Dwellings outside England, ... and Northern Ireland
- 17Paragraph 17
- What counts as a dwelling
- 18Paragraph 18
- Power to modify this Schedule
- 19Paragraph 19
- Schedule 4A: Stamp duty land tax: higher rate for certain transactions
- Meaning of “higher threshold interest”
- 1Paragraph 1
- Transactions involving a higher threshold interest
- 2Paragraph 2
- Amount of tax chargeable: higher rate for certain transactions
- 3Paragraph 3
- Acquisitions of interests in the same dwelling through different transactions
- 4Paragraph 4
- Businesses of letting, trading in or redeveloping properties
- 5Paragraph 5
- Meaning of “non-qualifying individual”
- 5AParagraph 5A
- Trades involving making a dwelling available to the public
- 5BParagraph 5B
- Financial institutions acquiring dwellings in the course of lending
- 5CParagraph 5C
- Acquisition under a regulated home reversion plan
- 5CAParagraph 5CA
- Dwellings for occupation by certain employees etc of a relievable business
- 5DParagraph 5D
- More about the condition in paragraph 5D(2)(a)
- 5EParagraph 5E
- Acquisition by management company of flat for occupation by caretaker
- 5EAParagraph 5EA
- Farmhouses
- 5FParagraph 5F
- Qualifying housing co-operatives
- 5FAParagraph 5FA
- Withdrawal of relief
- 5GParagraph 5G
- 5HParagraph 5H
- 5IParagraph 5I
- 5IAParagraph 5IA
- 5JParagraph 5J
- 5JAParagraph 5JA
- 5KParagraph 5K
- 5LParagraph 5L
- Partnerships: application of paragraph 2 to certain transactions
- 6Paragraph 6
- Modifications for cases involving alternative finance arrangements
- 6AParagraph 6A
- 6BParagraph 6B
- Paragraphs 6A and 6B: application where transaction is split under paragraph 2(3)
- 6CParagraph 6C
- Alternative finance arrangements: withdrawal of relief
- 6DParagraph 6D
- 6EParagraph 6E
- 6FParagraph 6F
- 6GParagraph 6G
- 6HParagraph 6H
- 6IParagraph 6I
- Meaning of “dwelling”
- 7Paragraph 7
- 8Paragraph 8
- Interpretation
- 9Paragraph 9
- Schedule 5: Stamp duty land tax: amount of tax chargeable: rent
- Introduction
- 1Paragraph 1
- Amounts payable in respect of periods before grant of lease
- 1AParagraph 1A
- Calculation of tax chargeable in respect of rent
- 2Paragraph 2
- Net present value of rent payable over term of lease
- 3Paragraph 3
- Rent payable
- 4Paragraph 4 Repealed
- Effect of provision for rent review
- 5Paragraph 5 Repealed
- Term of lease
- 6Paragraph 6 Repealed
- Treatment of lease for indefinite term
- 7Paragraph 7 Repealed
- Temporal discount rate
- 8Paragraph 8
- Tax chargeable in respect of consideration other than rent : general
- 9Paragraph 9
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 9AParagraph 9A Repealed
- Increase of rent treated as grant of new lease
- 10Paragraph 10 Repealed
- Interpretation
- 11Paragraph 11 Repealed
- Schedule 6: Stamp duty land tax: disadvantaged areas relief Repealed
- Part 1: Disadvantaged areas Repealed
- Meaning of “disadvantaged area” Repealed
- 1Paragraph 1 Repealed
- Continuation of regulations made for purposes of stamp duty Repealed
- 2Paragraph 2 Repealed
- Part 2: Land wholly situated in a disadvantaged area Repealed
- Introduction Repealed
- 3Paragraph 3 Repealed
- Land all non-residential Repealed
- 4Paragraph 4 Repealed
- Land all residential Repealed
- 5Paragraph 5 Repealed
- Land partly non-residential and partly residential Repealed
- 6Paragraph 6 Repealed
- Part 3: Land partly situated in a disadvantaged area Repealed
- Introduction Repealed
- 7Paragraph 7 Repealed
- Land all non-residential Repealed
- 8Paragraph 8 Repealed
- Land all residential Repealed
- 9Paragraph 9 Repealed
- Land partly non-residential and partly residential Repealed
- 10Paragraph 10 Repealed
- Part 4: Supplementary Repealed
- Relevant consideration and relevant rental value Repealed
- 11Paragraph 11 Repealed
- Rent and annual rent Repealed
- 12Paragraph 12 Repealed
- Notification of transactions Repealed
- 13Paragraph 13 Repealed
- Schedule 6ZA: Relief for first-time buyers
- Part 1: Eligibility for relief
- Eligibility for relief
- 1Paragraph 1
- Eligibility for relief: linked transactions within paragraph 1(6)
- 2Paragraph 2
- Eligibility for relief: alternative finance arrangements
- 3Paragraph 3
- Eligibility for relief: acquisition of new lease on bare trust
- 3AParagraph 3A
- Part 2: The Relief
- The relief
- 4Paragraph 4
- Withdrawal of relief
- 5Paragraph 5
- Part 3: Interpretation
- “First-time buyer”
- 6Paragraph 6
- “Relevant consideration”
- 7Paragraph 7
- “Major interest”
- 8Paragraph 8
- What counts as a dwelling
- 9Paragraph 9
- Schedule 6A: Relief for certain acquisitions of residential property
- 1Acquisition by house-building company from individual acquiring new dwelling
- 2Acquisition by property trader from individual acquiring new dwelling
- 3Acquisition by property trader from personal representatives
- 4Acquisition by property trader from individual where chain of transactions breaks down
- 5Acquisition by employer in case of relocation of employment
- 6Acquisition by property trader in case of relocation of employment
- 7Meaning of “dwelling”, “new dwelling” and “the permitted area”
- 8Meaning of “property trader” and “principal”
- 9Meaning of “refurbishment” and “the permitted amount”
- 10Connected companies etc
- 11Withdrawal of relief under this Schedule
- Schedule 6B: Transfers involving multiple dwellings
- Introduction
- 1Paragraph 1
- Transactions to which this Schedule applies
- 2Paragraph 2
- Key terms
- 3Paragraph 3
- The relief
- 4Paragraph 4
- The amount of tax chargeable
- 5Paragraph 5
- Adjustment for change of circumstances
- 6Paragraph 6
- What counts as a dwelling
- 7Paragraph 7
- Schedule 6C: Stamp duty land tax: relief for special tax sites
- Part 1: qualifying land
- 1Transaction land
- 2Qualifying land
- 3Use of land in a qualifying manner
- 4Connected persons
- Part 2: The relief
- 5Exemption
- 6Other relief
- 7Attributing chargeable consideration to land
- Part 3: Withdrawal of relief
- 8Withdrawal of relief
- 9The control period
- 10Disposal of interest in part of qualifying land during control period
- Part 4: Alternative finance arrangements
- 11Cases involving alternative finance arrangements
- Part 5: Power to change when relief is available
- 12Power to change the cases in which relief is available
- 13Approval of regulations
- Schedule 7: Stamp duty land tax: group relief and reconstruction and acquisition reliefs
- Part 1: Group relief
- Group relief
- 1Paragraph 1
- Restrictions on availability of group relief
- 2Paragraph 2
- Certain arrangements not within paragraph 2
- 2AParagraph 2A
- Certain mortgage arrangements not within paragraph 2
- 2BParagraph 2B
- Withdrawal of group relief
- 3Paragraph 3
- Cases in which group relief not withdrawn
- 4Paragraph 4
- Group relief not withdrawn where vendor leaves group
- 4ZAParagraph 4ZA
- Withdrawal of group relief in certain cases involving successive transactions
- 4AParagraph 4A
- Recovery of group relief from another group company or controlling director
- 5Paragraph 5
- Recovery of group relief: supplementary
- 6Paragraph 6
- Part 2: Reconstruction and acquisition reliefs
- Reconstruction relief
- 7Paragraph 7
- Acquisition relief
- 8Paragraph 8
- Withdrawal of reconstruction or acquisition relief
- 9Paragraph 9
- Cases in which reconstruction or acquisition relief not withdrawn
- 10Paragraph 10
- Withdrawal of reconstruction or acquisition relief on subsequent non-exempt transfer
- 11Paragraph 11
- Recovery of reconstruction or acquisition relief from another group company or controlling director
- 12Paragraph 12
- Recovery of reconstruction or acquisition relief: supplementary
- 13Paragraph 13
- Schedule 7A: Seeding relief
- Part 1: Property authorised investment funds
- PAIF seeding relief
- 1Paragraph 1
- Meaning of “property AIF”
- 2Paragraph 2
- Meaning of “seeding period”
- 3Paragraph 3
- Restrictions on availability of relief
- 4Paragraph 4
- Withdrawal of relief: ceasing to be property AIF
- 5Paragraph 5
- Withdrawal of relief: portfolio test not met
- 6Paragraph 6
- Withdrawal of relief: units disposed of
- 7Paragraph 7
- Withdrawal of relief: dwelling occupied by non-qualifying individual
- 8Paragraph 8
- 9Paragraph 9
- Part 2: Co-ownership ... contractual schemes
- Co-ownership scheme seeding relief
- 10Paragraph 10
- Meaning of “seeding period”
- 11Paragraph 11
- Restrictions on availability of relief
- 12Paragraph 12
- Withdrawal of relief: ceasing to be co-ownership ... contractual scheme
- 13Paragraph 13
- Withdrawal of relief: genuine diversity of ownership condition not met by COACS
- 14Paragraph 14
- Genuine diversity of ownership condition
- 15Paragraph 15
- Withdrawal of relief: portfolio test not met
- 16Paragraph 16
- Withdrawal of relief: units disposed of
- 17Paragraph 17
- Withdrawal of relief: dwelling occupied by non-qualifying individual
- 18Paragraph 18
- 19Paragraph 19
- Part 3: Interpretation
- “Feeder fund” and “units”
- 20Paragraph 20
- Interpretation of other terms
- 21Paragraph 21
- Schedule 8: Stamp duty land tax: charities relief
- Charities relief
- 1Paragraph 1
- Withdrawal of charities relief
- 2Paragraph 2
- Cases where first condition not fully met
- 3Paragraph 3
- Joint purchasers: partial relief
- 3AParagraph 3A
- Withdrawal of relief given under paragraph 3A
- 3BParagraph 3B
- Partial relief: charity not fully meeting the “qualifying charity” condition
- 3CParagraph 3C
- Charitable trusts
- 4Paragraph 4
- Schedule 9: Stamp duty land tax: right to buy, shared ownership leases etc
- Right to buy transactions
- 1Paragraph 1
- Shared ownership lease: election for market value treatment
- 2Paragraph 2
- Transfer of reversion under shared ownership lease where election made for market value treatment
- 3Paragraph 3
- Shared ownership lease: election where staircasing allowed
- 4Paragraph 4
- Shared ownership lease: treatment of staircasing transaction
- 4AParagraph 4A
- Shared ownership lease: grant not linked with staircasing transactions etc
- 4BParagraph 4B
- Shared ownership leases: meaning of “qualifying body” and “preserved right to buy”
- 5Paragraph 5
- Rent to mortgage or rent to loan: chargeable consideration
- 6Paragraph 6
- Shared ownership trust: introduction
- 7Paragraph 7
- Shared ownership trust: “purchaser”
- 8Paragraph 8
- Shared ownership trust: election for market value treatment
- 9Paragraph 9
- Shared ownership trust: treatment of staircasing transaction
- 10Paragraph 10
- Shared ownership trust: treatment of additional payments where no election made
- 11Paragraph 11
- Shared ownership trust: declaration not linked with staircasing transactions etc
- 12Paragraph 12
- Rent to shared ownership lease: charge to tax
- 13Paragraph 13
- Rent to shared ownership trust: charge to tax
- 14Paragraph 14
- Relief for first-time buyers: shared ownership lease where election made
- 15Paragraph 15
- Relief for first-time buyers: shared ownership lease where no election made
- 15AParagraph 15A
- Relief for first-time buyers: shared ownership trust where no election made
- 15BParagraph 15B
- No relief for first-time buyers for staircasing transactions etc
- 16Paragraph 16
- Schedule 9A: Increased rates for non-resident transactions
- Part 1: Introduction
- 1Paragraph 1
- Part 2: Meaning of “non-resident transaction”
- 2Meaning of “non-resident transaction”
- Part 3: “Non-resident” in relation to a chargeable transaction: individuals
- 3Whether individual “non-resident” in relation to a chargeable transaction
- 4Whether individual “UK resident” in relation to a chargeable transaction: basic rule
- 5Whether individual “UK resident” in relation to a chargeable transaction: special cases
- 6Crown employment
- Part 4: “Non-resident” in relation to a chargeable transaction: companies
- 7Whether company is “non-resident” in relation to a chargeable transaction
- 8Meaning of “close company”
- 9Non-UK control
- 10Non-UK control: attribution of rights and powers
- 11Excluded companies
- Part 5: Special rules for particular purchasers and transactions
- 12Spouses and civil partners of UK residents
- 13Bare trust acquiring new lease
- 14Purchase by settlement if beneficiary entitled to occupy, or to income from, dwelling
- 15Co-ownership ... contractual schemes
- 16Alternative property finance
- 17Completion of contract previously substantially performed
- Part 6: Supplementary provision
- 18Completion of land transaction return
- 19Amendment of return where individual becomes UK resident after return delivered
- 20What counts as a dwelling
- 21Interpretation
- 22Power to modify this Schedule
- Schedule 10: Stamp duty land tax: returns, enquiries, assessments and appeals
- Part 1: Land transaction returns
- Contents of return
- 1Paragraph 1
- Declaration by agent
- 1AParagraph 1A
- Declaration by the relevant Official Solicitor
- 1BParagraph 1B
- Meaning of filing date and delivery of return
- 2Paragraph 2
- Failure to deliver return: flat-rate penalty
- 3Paragraph 3
- Failure to deliver return: tax-related penalty
- 4Paragraph 4
- Formal notice to deliver return: daily penalty
- 5Paragraph 5
- Amendment of return by purchaser
- 6Paragraph 6
- Correction of return by Revenue
- 7Paragraph 7
- Penalty for incorrect or uncorrected return
- 8Paragraph 8 Repealed
- Part 2: Duty to keep and preserve records
- Duty to keep and preserve records
- 9Paragraph 9
- Preservation of information etc
- 10Paragraph 10
- Penalty for failure to keep and preserve records
- 11Paragraph 11
- Part 3: Enquiry into return
- Notice of enquiry
- 12Paragraph 12
- Scope of enquiry
- 13Paragraph 13
- Notice to produce documents etc for purposes of enquiry
- 14Paragraph 14 Repealed
- Appeal against notice to produce documents etc
- 15Paragraph 15 Repealed
- Penalty for failure to produce documents etc
- 16Paragraph 16 Repealed
- Amendment of self-assessment during enquiry to prevent loss of tax
- 17Paragraph 17
- Amendment of return by taxpayer during enquiry
- 18Paragraph 18
- Referral of questions to the tribunal during enquiry
- 19Paragraph 19
- Withdrawal of notice of referral
- 20Paragraph 20
- Effect of referral on enquiry
- 21Paragraph 21
- Effect of determination
- 22Paragraph 22
- Completion of enquiry
- 23Paragraph 23
- Direction to complete enquiry
- 24Paragraph 24
- Part 4: Revenue determination if no return delivered
- Determination of tax chargeable if no return delivered
- 25Paragraph 25
- Determination to have effect as a self-assessment
- 26Paragraph 26
- Determination superseded by actual self-assessment
- 27Paragraph 27
- Part 5: Revenue assessments
- Assessment where loss of tax discovered
- 28Paragraph 28
- Assessment to recover excessive repayment of tax
- 29Paragraph 29
- Restrictions on assessment where return delivered
- 30Paragraph 30
- Time limit for assessment
- 31Paragraph 31
- Losses brought about carelessly or deliberately
- 31AParagraph 31A
- Assessment procedure
- 32Paragraph 32
- Part 6: Relief in case of overpaid tax or excessive assessment
- Relief in case of double assessment
- 33Paragraph 33
- Claim for relief for overpaid tax etc
- 34Paragraph 34
- Cases in which Commissioners not liable to give effect to a claim
- 34AParagraph 34A
- Making a claim
- 34BParagraph 34B
- The claimant: partnerships
- 34CParagraph 34C
- Assessment of claimant in connection with claim
- 34DParagraph 34D
- Contract settlements
- 34EParagraph 34E
- Part 7: Reviews and appeals
- Right of appeal
- 35Paragraph 35
- Notice of appeal
- 36Paragraph 36
- Appeal: HMRC review or determination by tribunal
- 36AParagraph 36A
- Appellant requires review by HMRC
- 36BParagraph 36B
- HMRC offer review
- 36CParagraph 36C
- Notifying appeal to the tribunal
- 36DParagraph 36D
- Nature of review etc
- 36EParagraph 36E
- Effect of conclusions of review
- 36FParagraph 36F
- Notifying appeal to tribunal after review concluded
- 36GParagraph 36G
- Notifying appeal to tribunal after review offered but not accepted
- 36HParagraph 36H
- Other interpretation
- 36IParagraph 36I
- Settling of appeals by agreement
- 37Paragraph 37
- Recovery of tax not postponed by appeal
- 38Paragraph 38
- Direction by the tribunal to postpone payment
- 39Paragraph 39
- Agreement to postpone payment of tax
- 40Paragraph 40
- Tribunal determinations
- 41Paragraph 41
- Assessments and self assessments
- 42Paragraph 42
- Payment of stamp duty land tax where there is a further appeal
- 43Paragraph 43
- Late notice of appeal
- 44Paragraph 44
- Questions to be determined by the relevant tribunal
- 45Paragraph 45
- Meaning of HMRC
- 46Paragraph 46
- Schedule 11: Stamp duty land tax: record-keeping where transaction is not notifiable
- Part 1: General Repealed
- Introductory Repealed
- 1Paragraph 1 Repealed
- Form and contents of self-certificate Repealed
- 2Paragraph 2 Repealed
- Declaration by agent
- 2AParagraph 2A Repealed
- Declaration by the relevant Official Solicitor
- 2BParagraph 2B Repealed
- Tax-related penalty for fraud or negligence Repealed
- 3Paragraph 3 Repealed
- Part 2: Duty to keep and preserve records
- Duty to keep and preserve records
- 4Paragraph 4
- Preservation of information etc
- 5Paragraph 5
- Penalty for failure to keep and preserve records
- 6Paragraph 6
- Part 3: Enquiry into self-certificate Repealed
- Notice of enquiry Repealed
- 7Paragraph 7 Repealed
- Scope of enquiry Repealed
- 8Paragraph 8 Repealed
- Notice to produce documents etc for purposes of enquiry Repealed
- 9Paragraph 9 Repealed
- Appeal against notice to produce documents etc Repealed
- 10Paragraph 10 Repealed
- Penalty for failure to produce documents etc Repealed
- 11Paragraph 11 Repealed
- Referral of questions to Special Commissioners during enquiry Repealed
- 12Paragraph 12 Repealed
- Withdrawal of notice of referral Repealed
- 13Paragraph 13 Repealed
- Effect of referral on enquiry Repealed
- 14Paragraph 14 Repealed
- Effect of determination Repealed
- 15Paragraph 15 Repealed
- Completion of enquiry Repealed
- 16Paragraph 16 Repealed
- Direction to complete enquiry Repealed
- 17Paragraph 17 Repealed
- Schedule 11A: Stamp duty land tax: claims not included in returns
- Introductory
- 1Paragraph 1
- Making of claims
- 2Paragraph 2
- Duty to keep and preserve records
- 3Paragraph 3
- Preservation of information etc
- 3AParagraph 3A
- Amendment of claim by claimant
- 4Paragraph 4
- Correction of claim by Revenue
- 5Paragraph 5
- Giving effect to claims and amendments
- 6Paragraph 6
- Notice of enquiry
- 7Paragraph 7
- Notice to produce documents etc for purposes of enquiry
- 8Paragraph 8 Repealed
- Appeal against notice to produce documents etc
- 9Paragraph 9 Repealed
- Penalty for failure to produce documents etc
- 10Paragraph 10 Repealed
- Completion of enquiry
- 11Paragraph 11
- Direction to complete enquiry
- 12Paragraph 12
- Giving effect to amendments under paragraph 11
- 13Paragraph 13
- Appeals against amendments under paragraph 11
- 14Paragraph 14
- Jurisdiction of Commissioners
- 15Paragraph 15 Repealed
- Schedule 12: Stamp duty land tax: collection and recovery of tax
- Part 1: General
- Issue of tax demands and receipts
- 1Paragraph 1
- Recovery of tax by distraint
- 2Paragraph 2
- Recovery of tax by diligence in Scotland
- 3Paragraph 3 Repealed
- Part 2: Court proceedings
- Civil proceedings in magistrates' court or court of summary jurisdiction
- 4Paragraph 4
- Proceedings in county court or sheriff court
- 5Paragraph 5
- Proceedings in High Court or Court of Session
- 6Paragraph 6
- ...
- 7Paragraph 7 Repealed
- Schedule 13: Stamp duty land tax: information powers
- Part 1: Power of authorised officer to call for documents or information from taxpayer
- Notice requiring taxpayer to deliver documents or provide information
- 1Paragraph 1 Repealed
- Requirement of consent of the tribunal
- 2Paragraph 2 Repealed
- Contents of notice under this Part
- 3Paragraph 3 Repealed
- Summary of reasons to be given
- 4Paragraph 4 Repealed
- Power to take copies of documents etc
- 5Paragraph 5 Repealed
- Part 2: Power of authorised officer to call for documents from third party
- Notice requiring documents to be delivered or made available
- 6Paragraph 6 Repealed
- Requirement of consent of the tribunal
- 7Paragraph 7 Repealed
- Contents of notice under paragraph 6
- 8Paragraph 8 Repealed
- Copy of notice to be given to taxpayer
- 9Paragraph 9 Repealed
- Summary of reasons to be given
- 10Paragraph 10 Repealed
- Power to give notice relating to unnamed taxpayer or taxpayers
- 11Paragraph 11 Repealed
- Contents of notice under paragraph 11
- 12Paragraph 12 Repealed
- Power to take copies of documents etc
- 13Paragraph 13 Repealed
- Part 3: Power to call for papers of tax accountant Repealed
- Power to call for papers of tax accountant Repealed
- 14Paragraph 14 Repealed
- When notice may be given Repealed
- 15Paragraph 15 Repealed
- Requirement of consent of appropriate judicial authority Repealed
- 16Paragraph 16 Repealed
- Contents of notice Repealed
- 17Paragraph 17 Repealed
- Power to take copies of documents etc Repealed
- 18Paragraph 18 Repealed
- Part 4: Restrictions on powers under Parts 1 to 3 Repealed
- Introduction Repealed
- 19Paragraph 19 Repealed
- Personal records or journalistic material Repealed
- 20Paragraph 20 Repealed
- Documents or information relating to pending appeal Repealed
- 21Paragraph 21 Repealed
- Barristers, advocates and solicitors Repealed
- 22Paragraph 22 Repealed
- Provision of copies instead of original documents Repealed
- 23Paragraph 23 Repealed
- Documents originating more than six years before date of notice Repealed
- 24Paragraph 24 Repealed
- Documents subject to legal privilege Repealed
- 25Paragraph 25 Repealed
- Documents belonging to auditor or tax adviser Repealed
- 26Paragraph 26 Repealed
- Documents belonging to auditor or tax adviser: information to be disclosed Repealed
- 27Paragraph 27 Repealed
- Part 5: Powers of board to call for documents or information
- Notice requiring delivery of documents or provision of information
- 28Paragraph 28 Repealed
- Contents of notice
- 29Paragraph 29 Repealed
- Power to take copies of documents etc
- 30Paragraph 30 Repealed
- Exclusion of personal records or journalistic material
- 31Paragraph 31 Repealed
- Part 6: Order of judicial authority for the delivery of documents
- Order for the delivery of documents
- 32Paragraph 32
- Notice of application for order
- 33Paragraph 33
- Obligations of person given notice of application
- 34Paragraph 34
- Exception of items subject to legal privilege
- 35Paragraph 35
- Resolution of disputes as to legal privilege
- 36Paragraph 36
- Complying with an order
- 37Paragraph 37
- Document not to be retained if photograph or copy sufficient
- 38Paragraph 38
- Access to or supply of photograph or copy of documents delivered
- 39Paragraph 39
- Sanction for failure to comply with order
- 40Paragraph 40
- Notice of order, etc
- 41Paragraph 41
- General provisions about regulations
- 42Paragraph 42
- Part 7: Entry with warrant to obtain evidence of offence Repealed
- Power to issue warrant Repealed
- 43Paragraph 43 Repealed
- Meaning of offence involving serious fraud Repealed
- 44Paragraph 44 Repealed
- Approval of application by Board Repealed
- 45Paragraph 45 Repealed
- Extent of powers conferred by warrant Repealed
- 46Paragraph 46 Repealed
- Exercise of powers conferred by warrant Repealed
- 47Paragraph 47 Repealed
- Items subject to legal privilege Repealed
- 48Paragraph 48 Repealed
- Procedure where documents etc are removed Repealed
- 49Paragraph 49 Repealed
- Document not to be retained if photograph or copy sufficient Repealed
- 50Paragraph 50 Repealed
- Access to or supply of photograph or copy of items removed Repealed
- 51Paragraph 51 Repealed
- Endorsement and custody etc of warrant Repealed
- 52Paragraph 52 Repealed
- Part 8: Falsification etc of documents
- Falsification etc of documents
- 53Paragraph 53
- Schedule 14: Stamp duty land tax: determination of penalties and related appeals
- Determination of penalties and appeals
- 1Paragraph 1
- Determination of penalty by officer of the Board
- 2Paragraph 2
- Alteration of penalty determination
- 3Paragraph 3
- Liability of personal representatives
- 4Paragraph 4
- Appeal against penalty determination
- 5Paragraph 5
- Further appeal
- 6Paragraph 6
- Penalty proceedings before the court
- 7Paragraph 7
- Time limit for determination of penalties
- 8Paragraph 8
- Schedule 15: Stamp duty land tax: partnerships
- Part 1: General provisions
- Partnerships
- 1Paragraph 1
- Legal personality of partnership disregarded
- 2Paragraph 2
- Continuity of partnership
- 3Paragraph 3
- Partnership not to be regarded as unit trust scheme etc
- 4Paragraph 4
- Part 2: Ordinary partnership transactions
- Introduction
- 5Paragraph 5
- Responsibility of partners
- 6Paragraph 6
- Joint and several liability of responsible partners
- 7Paragraph 7
- Representative partners
- 8Paragraph 8
- Part 3: Transactions to which special provisions apply
- 9Introduction
- 10Transfer of chargeable interest to a partnership: general
- 11Transfer of chargeable interest to a partnership: chargeable consideration including rent
- 12Transfer of chargeable interest to a partnership: sum of the lower proportions
- 12AElection by property-investment partnership to disapply paragraph 10
- 13Transfer of chargeable interest to a partnership consisting wholly of bodies corporate Repealed
- 14Transfer ... of interest in property-investment partnership
- 15Exclusion of market rent leases
- 16Partnership interests: application of provisions about exchanges etc.
- 17Transfer of partnership interest pursuant to earlier arrangements
- Withdrawal of money etc from partnership after transfer of chargeable interest
- 17AParagraph 17A
- 18Transfer of chargeable interest from a partnership: general
- 19Transfer of chargeable interest from a partnership: chargeable consideration including rent
- 20Transfer of chargeable interest from a partnership: sum of the lower proportions
- 21Transfer of chargeable interest from a partnership: partnership share attributable to partner
- 22Paragraph 22
- 23Transfer of chargeable interest from a partnership to a partnership
- 24Transfer of chargeable interest from a partnership consisting wholly of bodies corporate
- 25Application of exemptions and reliefs
- 26Application of disadvantaged areas relief Repealed
- 27Application of group relief
- 27AParagraph 27A
- 28Application of charities relief
- 29Acquisition of interest in partnership not chargeable except as specially provided
- 30Transactions that are not notifiable
- 31Stamp duty on transfers of partnership interests: continued application
- 32Stamp duty on transfers of partnership interests: modification
- 33Paragraph 33
- 34Interpretation: partnership property and partnership share
- 35Interpretation: transfer of chargeable interest to a partnership
- 36Interpretation: transfer of interest in a partnership
- 37Interpretation: transfer of chargeable interest from a partnership
- 38Interpretation: market value of leases
- 39Interpretation: connected persons
- 40Interpretation: arrangements
- Schedule 16: Stamp duty land tax: trusts and powers
- Meaning of “settlement” and “bare trust”
- 1Paragraph 1
- Interests of beneficiaries under certain trusts
- 2Paragraph 2
- Bare trustee
- 3Paragraph 3
- Acquisition by trustees of settlement
- 4Paragraph 4
- Responsibility of trustees of settlement
- 5Paragraph 5
- Relevant trustees for purposes of return etc
- 6Paragraph 6
- Consideration for exercise of power of appointment or discretion
- 7Paragraph 7
- 8Reallocation of trust property as between beneficiaries
- Schedule 17: Stamp duty land tax: General and Special Commissioners, appeals and other proceedings Repealed
- General and Special Commissioners: application of general provisions Repealed
- 1Paragraph 1 Repealed
- Prescribed matters to be determined by Commissioners or Lands Tribunal Repealed
- 2Paragraph 2 Repealed
- General or Special Commissioners: jurisdiction Repealed
- 3Paragraph 3 Repealed
- Proceedings brought out of time Repealed
- 4Paragraph 4 Repealed
- Quorum etc of the Commissioners Repealed
- 5Paragraph 5 Repealed
- Procedure Repealed
- 6Paragraph 6 Repealed
- Consequences of determination by the Commissioners Repealed
- 7Paragraph 7 Repealed
- Costs Repealed
- 8Paragraph 8 Repealed
- Finality of decisions of the Commissioners Repealed
- 9Paragraph 9 Repealed
- Publication of reports of decisions Repealed
- 10Paragraph 10 Repealed
- Supplementary provisions Repealed
- 11Paragraph 11 Repealed
- Schedule 17A: Further provisions relating to leases
- Meaning of “lease”
- 1Paragraph 1
- Leases for a fixed term
- 2Paragraph 2
- Leases that continue after a fixed term
- 3Paragraph 3
- 3AParagraph 3A
- Treatment of leases for indefinite term
- 4Paragraph 4
- Treatment of successive linked leases
- 5Paragraph 5
- Rent
- 6Paragraph 6
- Variable or uncertain rent
- 7Paragraph 7
- First rent review in final quarter of fifth year
- 7AParagraph 7A
- Adjustment where rent ceases to be uncertain
- 8Paragraph 8
- Rent for overlap period in case of grant of further lease
- 9Paragraph 9
- Backdated lease granted to tenant holding over
- 9AParagraph 9A
- Tenants' obligations etc that do not count as chargeable consideration
- 10Paragraph 10
- Cases where assignment of lease treated as grant of lease
- 11Paragraph 11
- Assignment of lease: responsibility of assignee for returns etc
- 12Paragraph 12
- Agreement for lease
- 12AParagraph 12A
- Assignment of agreement for lease
- 12BParagraph 12B
- Increase of rent treated as grant of new lease: variation of lease in first five years
- 13Paragraph 13
- Increase of rent treated as grant of new lease: abnormal increase after fifth year
- 14Paragraph 14 Repealed
- Increase of rent after fifth year: whether regarded as abnormal
- 15Paragraph 15 Repealed
- Reduction of rent or term or other variation of lease
- 15AParagraph 15A
- Surrender of existing lease in return for new lease
- 16Paragraph 16
- Assignment of lease: assumption of obligations by assignee
- 17Paragraph 17
- Reverse premium
- 18Paragraph 18
- Loan or deposit in connection with grant or assignment of lease
- 18AParagraph 18A
- Provisions relating to leases in Scotland
- 19Paragraph 19
- Schedule 18: Stamp duty land tax: consequential amendments
- Provisional Collection of Taxes Act 1968
- 1Paragraph 1
- Inheritance Tax Act 1984
- 2Paragraph 2
- Income and Corporation Taxes Act 1988
- 3Paragraph 3
- Finance Act 1989
- 4Paragraph 4
- Taxation of Chargeable Gains Act 1992
- 5Paragraph 5
- Income Tax (Earnings and Pensions) Act 2003
- 6Paragraph 6
- Schedule 19: Stamp duty land tax: commencement and transitional provisions
- Introduction
- 1Paragraph 1
- The implementation date
- 2Paragraph 2
- Contract entered into before first relevant date
- 3Paragraph 3
- Contract substantially performed before implementation date
- 4Paragraph 4
- Contracts substantially performed after implementation date
- 4AParagraph 4A
- Application of provisions in case of transfer of rights
- 4BParagraph 4B
- Credit for ad valorem stamp duty paid
- 5Paragraph 5
- Effect for stamp duty purposes of stamp duty land tax being paid or chargeable
- 6Paragraph 6
- Earlier related transactions under stamp duty
- 7Paragraph 7
- Stamping of contract where transaction on completion subject to stamp duty land tax
- 7AParagraph 7A
- Stamping of agreement for lease where grant of lease subject to stamp duty land tax
- 8Paragraph 8
- Exercise of option or right of pre-emption acquired before implementation date
- 9Paragraph 9
- Supplementary
- 10Paragraph 10
- Schedule 20: Stamp duty: restriction to instruments relating to stock or marketable securities
- Part 1: Supplementary provisions
- Reduction of stamp duty where instrument partly relating to stock or marketable securities
- 1Paragraph 1
- Apportionment of consideration for stamp duty purposes
- 2Paragraph 2
- Part 2: Consequential amendments and repeals
- Removal of unnecessary references to “conveyance”
- 3Paragraph 3
- Finance Act 1895
- 4Paragraph 4
- Finance Act 1990
- 5Paragraph 5
- Finance Act 1999
- 6Paragraph 6
- Power to make further consequential amendments or repeals
- 7Paragraph 7
- Schedule 21: Approved share plans and schemes
- Part 1: Share incentive plans
- Introductory
- 1Paragraph 1
- Participation in more than one connected plan in a tax year
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- Partnership shares
- 7Paragraph 7
- 8Paragraph 8
- Part 2: SAYE option schemes
- Introductory
- 9Paragraph 9
- Minor correction
- 10Paragraph 10
- Exercise of options: scheme-related employment ends because of change of control or transfer
- 11Paragraph 11
- Alteration of schemes
- 12Paragraph 12
- Part 3: CSOP schemes
- Introductory
- 13Paragraph 13
- Exercise of options: exclusion of income tax liability
- 14Paragraph 14
- 15Paragraph 15
- Meaning of “material interest”
- 16Paragraph 16
- Alteration of schemes
- 17Paragraph 17
- PAYE
- 18Paragraph 18
- Schedule 22: Employee securities and options
- Introductory
- 1Paragraph 1
- Main provisions
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- 7Paragraph 7
- 8Paragraph 8
- 9Paragraph 9
- 10Paragraph 10
- PAYE
- 11Paragraph 11
- 12Paragraph 12
- 13Paragraph 13
- 14Paragraph 14
- 15Paragraph 15
- Consequential amendments
- 16Paragraph 16
- 17Paragraph 17
- 18Paragraph 18
- 19Paragraph 19
- 20Paragraph 20
- 21Paragraph 21
- 22Paragraph 22
- 23Paragraph 23
- 24Paragraph 24
- 25Paragraph 25
- 26Paragraph 26
- 27Paragraph 27
- 28Paragraph 28
- 29Paragraph 29
- 30Paragraph 30
- 31Paragraph 31
- 32Paragraph 32
- 33Paragraph 33
- 34Paragraph 34
- 35Paragraph 35
- 36Paragraph 36
- 37Paragraph 37
- 38Paragraph 38
- 39Paragraph 39
- 40Paragraph 40
- 41Paragraph 41
- 42Paragraph 42
- 43Paragraph 43
- 44Paragraph 44
- 45Paragraph 45
- 46Paragraph 46
- Consequential amendments of other enactments
- 47Paragraph 47
- 48Paragraph 48
- 49Paragraph 49
- 50Paragraph 50
- 51Paragraph 51
- 52Paragraph 52
- 53Paragraph 53
- 54Paragraph 54
- 55Paragraph 55
- 56Paragraph 56
- 57Paragraph 57
- 58Paragraph 58
- 59Paragraph 59 Repealed
- 60Paragraph 60 Repealed
- 61Paragraph 61 Repealed
- 62Paragraph 62 Repealed
- 63Paragraph 63 Repealed
- 64Paragraph 64 Repealed
- 65Paragraph 65 Repealed
- 66Paragraph 66 Repealed
- 67Paragraph 67 Repealed
- 68Paragraph 68 Repealed
- 69Paragraph 69 Repealed
- 70Paragraph 70 Repealed
- 71Paragraph 71 Repealed
- 72Paragraph 72 Repealed
- 73Paragraph 73 Repealed
- Schedule 23: Corporation tax relief for employee share acquisition Repealed
- Part 1: General provisions Repealed
- Introduction Repealed
- 1Paragraph 1 Repealed
- Requirements for relief Repealed
- 2Paragraph 2 Repealed
- Business must be within the charge to corporation tax Repealed
- 3Paragraph 3 Repealed
- Kind of shares acquired Repealed
- 4Paragraph 4 Repealed
- Part 2: Award of shares Repealed
- Introduction Repealed
- 5Paragraph 5 Repealed
- The company whose shares are acquired Repealed
- 6Paragraph 6 Repealed
- Income tax position of employee Repealed
- 7Paragraph 7 Repealed
- Amount of relief Repealed
- 8Paragraph 8 Repealed
- How relief is given Repealed
- 9Paragraph 9 Repealed
- Timing of relief Repealed
- 10Paragraph 10 Repealed
- Part 3: Grant of option Repealed
- Introduction Repealed
- 11Paragraph 11 Repealed
- The company whose shares are acquired Repealed
- 12Paragraph 12 Repealed
- Takeover of company whose shares are subject of option Repealed
- 13Paragraph 13 Repealed
- Income tax position of the employee Repealed
- 14Paragraph 14 Repealed
- Amount of relief Repealed
- 15Paragraph 15 Repealed
- How relief is given Repealed
- 16Paragraph 16 Repealed
- Timing of relief Repealed
- 17Paragraph 17 Repealed
- Part 4: Provisions applying in case of restricted shares Repealed
- 18Introduction Repealed
- 19Meaning of “restricted shares” Repealed
- 20Income tax position of employee in case of restricted shares Repealed
- 21Amount of relief in case of restricted shares Repealed
- 22Timing of relief in case of restricted shares Repealed
- Part 4A: Provisions applying in case of convertible shares Repealed
- 22AIntroduction Repealed
- 22BMeaning of “convertible shares” Repealed
- 22CAmount of relief in case of convertible shares Repealed
- 22DTiming of relief in case of convertible shares Repealed
- Part 5: Supplementary provisions Repealed
- Transfer of business within a group Repealed
- 23Paragraph 23 Repealed
- Relationship between relief and other deductions: priority of deductions under SIP code Repealed
- 24Paragraph 24 Repealed
- Relationship between relief and other deductions: exclusion of other deductions Repealed
- 25Paragraph 25 Repealed
- Meaning of “employment” Repealed
- 26Paragraph 26 Repealed
- Acquisition of shares pursuant to option after death of employee or recipient Repealed
- 27Paragraph 27 Repealed
- Meaning of “group company” and “parent company” Repealed
- 28Paragraph 28 Repealed
- Meaning of “consortium” and “commercial association of companies” Repealed
- 29Paragraph 29 Repealed
- Minor definitions Repealed
- 30Paragraph 30 Repealed
- Index of defined expressions Repealed
- 31Paragraph 31 Repealed
- Part 6: Commencement and transitional provisions Repealed
- Commencement Repealed
- 32Paragraph 32 Repealed
- Transitional provisions Repealed
- 33Paragraph 33 Repealed
- Schedule 24: Restriction of deductions for employee benefit contributions Repealed
- Restriction of deductions Repealed
- 1Paragraph 1 Repealed
- “Provision of qualifying benefits” Repealed
- 2Paragraph 2 Repealed
- “Qualifying expenses” Repealed
- 3Paragraph 3 Repealed
- Payment “out of” employee benefit contributions Repealed
- 4Paragraph 4 Repealed
- Transfer of asset to employee Repealed
- 5Paragraph 5 Repealed
- Provisional calculation of profits Repealed
- 6Paragraph 6 Repealed
- Life assurance business Repealed
- 7Paragraph 7 Repealed
- Deductions to which Schedule does not apply Repealed
- 8Paragraph 8 Repealed
- Interpretation Repealed
- 9Paragraph 9 Repealed
- Consequential amendments Repealed
- 10Paragraph 10 Repealed
- Commencement and transitory provisions Repealed
- 11Paragraph 11 Repealed
- Schedule 25: Determination of profits attributable to permanent establishment: supplementary provisions Repealed
- Paragraph Repealed
- Schedule 26: Non-resident companies: transactions through broker, investment manager or Lloyd’s agent Repealed
- Introduction Repealed
- 1Paragraph 1 Repealed
- Brokers Repealed
- 2Paragraph 2 Repealed
- Investment managers Repealed
- 3Paragraph 3 Repealed
- Investment managers: the 20% rule Repealed
- 4Paragraph 4 Repealed
- Investment managers: application of 20% rule to collective investment schemes Repealed
- 5Paragraph 5 Repealed
- Profits attributable to permanent establishment: disregard of profits of certain investment transactions Repealed
- 5AParagraph 5A Repealed
- Lloyd’s agents Repealed
- 6Paragraph 6 Repealed
- General supplementary provisions Repealed
- 7Paragraph 7 Repealed
- Schedule 27: Permanent establishment etc: consequential amendments
- Taxes Act 1988
- 1Paragraph 1
- Taxation of Chargeable Gains Act 1992
- 2Paragraph 2
- Finance Act 1993
- 3Paragraph 3 Repealed
- Finance Act 1995
- 4Paragraph 4 Repealed
- 5Paragraph 5 Repealed
- 6Paragraph 6 Repealed
- 7Paragraph 7
- Finance Act 1996
- 8Paragraph 8
- Finance Act 2000
- 9Paragraph 9
- Schedule 28: Capital gains tax: reporting limits and annual exempt amount
- Part 1: Reporting limits
- 1Paragraph 1
- 2Paragraph 2
- Part 2: Annual exempt amount
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- Part 3: Commencement
- 7Paragraph 7
- 8Paragraph 8
- 9Paragraph 9
- Schedule 29: Transfers of value: attribution of gains to beneficiaries
- Introduction
- 1Paragraph 1
- Scope and scheme of Schedule
- 2Paragraph 2
- Other gains to be brought into Schedule 4C pool
- 3Paragraph 3 Repealed
- Attribution of gains to beneficiaries
- 4Paragraph 4
- Gains attributed to settlor
- 5Paragraph 5 Repealed
- Minor and consequential amendments
- 6Paragraph 6
- Schedule 30: First-year allowances for expenditure on environmentally beneficial plant or machinery
- Introductory
- 1Paragraph 1
- Types of expenditure for which first-year allowances available
- 2Paragraph 2
- First-year qualifying expenditure on environmentally beneficial plant or machinery
- 3Paragraph 3 Repealed
- General exclusions affecting first-year qualifying expenditure
- 4Paragraph 4
- Amount of first-year allowances
- 5Paragraph 5 Repealed
- Penalty for failure to provide information etc
- 6Paragraph 6 Repealed
- Transitory provision: expenditure incurred etc before first order made
- 7Paragraph 7 Repealed
- Schedule 31: Tax relief for expenditure on research and development Repealed
- Part 1: Small and medium-sized enterprises: Schedule 20 to Finance Act 2000 Repealed
- Introductory Repealed
- 1Paragraph 1 Repealed
- Required minimum aggregate expenditure: reduction from £25,000 to £10,000 Repealed
- 2Paragraph 2 Repealed
- Required minimum aggregate expenditure: inclusion of new class of expenditure Repealed
- 3Paragraph 3 Repealed
- Qualifying R&D expenditure: expenditure on externally provided workers Repealed
- 4Paragraph 4 Repealed
- Staffing costs: persons partly engaged directly and actively in relevant R&D Repealed
- 5Paragraph 5 Repealed
- Qualifying expenditure on externally provided workers Repealed
- 6Paragraph 6 Repealed
- Qualifying expenditure on sub-contracted R&D: externally provided workers Repealed
- 7Paragraph 7 Repealed
- Part 2: Large companies: Part 1 of Schedule 12 to Finance Act 2002 Repealed
- Introductory Repealed
- 8Paragraph 8 Repealed
- Required minimum aggregate expenditure: reduction from £25,000 to £10,000 Repealed
- 9Paragraph 9 Repealed
- Qualifying expenditure on externally provided workers Repealed
- 10Paragraph 10 Repealed
- Part 3: Work sub-contracted to SMEs: Part 2 of Schedule 12 to Finance Act 2002 Repealed
- Introductory Repealed
- 11Paragraph 11 Repealed
- Required minimum aggregate expenditure: reduction from £25,000 to £10,000 Repealed
- 12Paragraph 12 Repealed
- Required minimum aggregate expenditure: inclusion of new class of expenditure Repealed
- 13Paragraph 13 Repealed
- R&D directly undertaken by SME: qualifying expenditure on externally provided workers Repealed
- 14Paragraph 14 Repealed
- Part 4: Entitlement of SME to certain relief available to large companies Repealed
- Insertion of Part 2A of Schedule 12 to the Finance Act 2002 Repealed
- 15Paragraph 15 Repealed
- Part 5: Supplementary: amendments to Parts 3 to 6 of Schedule 12 to Finance Act 2002 Repealed
- Introductory Repealed
- 16Paragraph 16 Repealed
- Deduction in computing profits of trade Repealed
- 17Paragraph 17 Repealed
- Refunds of contributions to independent research and development Repealed
- 18Paragraph 18 Repealed
- Meaning of “qualifying expenditure on externally provided workers” Repealed
- 19Paragraph 19 Repealed
- Part 6: Expenditure on vaccine research etc: Schedule 13 to Finance Act 2002 Repealed
- Introductory Repealed
- 20Paragraph 20 Repealed
- Reduction of required qualifying expenditure from £25,000 to £10,000 Repealed
- 21Paragraph 21 Repealed
- Direct research and development: qualifying expenditure on externally provided workers Repealed
- 22Paragraph 22 Repealed
- Meaning of “qualifying expenditure on externally provided workers” Repealed
- 23Paragraph 23 Repealed
- Relevant expenditure of sub-contractor: qualifying expenditure on externally provided workers Repealed
- 24Paragraph 24 Repealed
- Schedule 32: Tonnage tax: restrictions on capital allowances for lessors of ships
- The ring fence: amendments to the provisions about capital allowances and ship leasing
- 1Paragraph 1
- Consequential amendments
- 2Paragraph 2
- Commencement and temporary provision
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- Schedule 33: Insurance companies
- Case I profits
- 1Paragraph 1 Repealed
- 2Paragraph 2 Repealed
- 3Paragraph 3 Repealed
- 4Paragraph 4
- 5Paragraph 5 Repealed
- 6Paragraph 6
- 7Paragraph 7 Repealed
- 8Paragraph 8 Repealed
- 9Paragraph 9 Repealed
- 10Paragraph 10 Repealed
- 11Paragraph 11 Repealed
- 12Paragraph 12 Repealed
- Rate of tax on policy holders' share of life assurance profits
- 13Paragraph 13
- Chargeable gains
- 14Paragraph 14
- 15Paragraph 15
- 16Paragraph 16
- 17Paragraph 17 Repealed
- Transfers of business
- 18Paragraph 18 Repealed
- 19Paragraph 19 Repealed
- 20Paragraph 20 Repealed
- 21Paragraph 21
- 22Paragraph 22 Repealed
- 23Paragraph 23 Repealed
- 24Paragraph 24 Repealed
- Meaning of “investment reserve” etc
- 25Paragraph 25 Repealed
- 26Paragraph 26 Repealed
- 27Paragraph 27
- 28Paragraph 28
- Meaning of “period of account”
- 29Paragraph 29 Repealed
- Rationalisation of interpretation provisions
- 30Paragraph 30 Repealed
- 31Paragraph 31 Repealed
- 32Paragraph 32 Repealed
- Schedule 34: Policies of life insurance etc: miscellaneous amendments Repealed
- Part 1: Group life policies Repealed
- Exception of certain group life policies from Chapter 2 of Part 13 Repealed
- 1Paragraph 1 Repealed
- Excepted group life policies Repealed
- 2Paragraph 2 Repealed
- Retrospective exception of past and present pure protection group life policies Repealed
- 3Paragraph 3 Repealed
- Existing group life policies: time for compliance with the conditions in section 539A Repealed
- 4Paragraph 4 Repealed
- Deaths before 6th April 2004: period for insurer to give certificate under section 552(1)(a) Repealed
- 5Paragraph 5 Repealed
- Part 2: Charitable and non-charitable trusts Repealed
- Interpretation Repealed
- 6Paragraph 6 Repealed
- Method of charging gain to tax Repealed
- 7Paragraph 7 Repealed
- Method of charging gain to tax: multiple interests Repealed
- 8Paragraph 8 Repealed
- Deemed surrender of certain loans Repealed
- 9Paragraph 9 Repealed
- Right of individual to recover tax from trustees Repealed
- 10Paragraph 10 Repealed
- Right of company to recover tax from trustees Repealed
- 11Paragraph 11 Repealed
- Section 547(1)(cc) and (d)(ia): exception for certain old policies and contracts Repealed
- 12Paragraph 12 Repealed
- Part 3: Meaning of “life annuity” Repealed
- Restriction of “life annuity” to contracts to which section 656 of the Taxes Act 1988 applies Repealed
- 13Paragraph 13 Repealed
- Part 4: Rollover of gain on maturity into new policy Repealed
- Repeal of section 540(2) of the Taxes Act 1988 Repealed
- 14Paragraph 14 Repealed
- Saving for certain policies maturing on or after 9th April 2003 Repealed
- 15Paragraph 15 Repealed
- Schedule 35: Gains on policies of life insurance etc: rate of tax
- Application of the lower rate
- 1Paragraph 1 Repealed
- Method of charging gains from policies of life insurance etc to tax
- 2Paragraph 2 Repealed
- Relief where gain charged at a higher rate
- 3Paragraph 3 Repealed
- Gains included in aggregate income of estate of deceased
- 4Paragraph 4 Repealed
- Income to be disregarded in determining highest part of person’s income
- 5Paragraph 5 Repealed
- Schedule 36: Foster carers Repealed
- Part 1: Introduction Repealed
- Introductory Repealed
- 1Paragraph 1 Repealed
- Individuals qualifying for relief Repealed
- 2Paragraph 2 Repealed
- Meaning of “foster care receipts” Repealed
- 3Paragraph 3 Repealed
- Meaning of “provision of foster care” Repealed
- 4Paragraph 4 Repealed
- Meaning of “total foster care receipts” Repealed
- 5Paragraph 5 Repealed
- The individual’s limit Repealed
- 6Paragraph 6 Repealed
- The individual’s share of the fixed amount Repealed
- 7Paragraph 7 Repealed
- The amount per child Repealed
- 8Paragraph 8 Repealed
- Power to alter amounts Repealed
- 9Paragraph 9 Repealed
- Part 2: The exemption and the alternative methods of calculation Repealed
- The exemption Repealed
- 10Paragraph 10 Repealed
- Alternative calculation of profits where amount is above the limit Repealed
- 11Paragraph 11 Repealed
- Alternative calculation of profits: income from trade etc Repealed
- 12Paragraph 12 Repealed
- Alternative calculation of profits: income charged under Case VI of Schedule D Repealed
- 13Paragraph 13 Repealed
- Election for alternative method Repealed
- 14Paragraph 14 Repealed
- Periods of account ending otherwise than on 5th April Repealed
- 15Paragraph 15 Repealed
- Part 3: Capital allowances Repealed
- Introductory Repealed
- 16Paragraph 16 Repealed
- Provisions applying in relation to carried forward unrelieved qualifying expenditure Repealed
- 17Paragraph 17 Repealed
- Expenditure incurred in a relevant chargeable period not qualifying expenditure Repealed
- 18Paragraph 18 Repealed
- Excluded capital expenditure: subsequent treatment of asset Repealed
- 19Paragraph 19 Repealed
- Interpretation of this Part Repealed
- 20Paragraph 20 Repealed
- Part 4: Supplementary Repealed
- Interpretation Repealed
- 21Paragraph 21 Repealed
- Schedule 37: Loan relationships: amendments Repealed
- Part 1: Amendments to Schedule 9 to the Finance Act 1996 Repealed
- Introductory Repealed
- 1Paragraph 1 Repealed
- Late interest Repealed
- 2Paragraph 2 Repealed
- Continuity of treatment: groups etc Repealed
- 3Paragraph 3 Repealed
- Discounted securities where companies have a connection Repealed
- 4Paragraph 4 Repealed
- Discounted securities of close companies Repealed
- 5Paragraph 5 Repealed
- Part 2: Transitional provisions Repealed
- Transitional provisions Repealed
- 6Paragraph 6 Repealed
- Schedule 38: Sale and repurchase of securities etc
- Increase of repurchase price of UK securities by amount of deemed manufactured dividend
- 1Paragraph 1
- Deemed manufactured payment where transferor or connected person makes payment representative of dividend
- 2Paragraph 2 Repealed
- 3Paragraph 3 Repealed
- Provisions to cover both “put” and “call” options
- 4Paragraph 4 Repealed
- 5Paragraph 5 Repealed
- 6Paragraph 6 Repealed
- 7Paragraph 7 Repealed
- 8Paragraph 8 Repealed
- 9Paragraph 9 Repealed
- Option premium to be reflected in sale price unless brought into account under derivative contracts provisions
- 10Paragraph 10 Repealed
- Exchange gains and losses
- 11Paragraph 11 Repealed
- 12Paragraph 12 Repealed
- 13Paragraph 13 Repealed
- 14Paragraph 14 Repealed
- Exceptions
- 15Paragraph 15 Repealed
- 16Paragraph 16 Repealed
- 17Paragraph 17 Repealed
- 18Paragraph 18 Repealed
- Connected persons
- 19Paragraph 19 Repealed
- Correction of section 730A(6B) of the Taxes Act 1988
- 20Paragraph 20 Repealed
- Commencement
- 21Paragraph 21
- Schedule 39: Relevant discounted securities: withdrawal of relief for costs and losses, etc
- Withdrawal of relief for incidental costs
- 1Paragraph 1 Repealed
- Withdrawal of relief for losses
- 2Paragraph 2 Repealed
- Withdrawal of loss relief: exception for strips of government securities
- 3Paragraph 3 Repealed
- Extension of provisions about strips to strips of foreign government securities
- 4Paragraph 4 Repealed
- Consequential amendments
- 5Paragraph 5
- Commencement and transitional provisions
- 6Paragraph 6 Repealed
- Schedule 40: Acquisition by company of its own shares
- Venture capital trusts
- 1Paragraph 1 Repealed
- Stamp duty and stamp duty reserve tax
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- Schedule 41: Companies in administration
- Accounting period for company in administration
- 1Paragraph 1 Repealed
- Responsibility of officers of company in administration
- 2Paragraph 2
- Tax on companies in administration
- 3Paragraph 3 Repealed
- Debit for bad debt where parties connected and creditor insolvent
- 4Paragraph 4 Repealed
- Commencement
- 5Paragraph 5
- Schedule 42: Controlled foreign companies: exempt activities
- Introductory
- 1Paragraph 1
- Companies engaged in wholesale, distributive, financial or service business
- 2Paragraph 2
- Companies engaged in business of banking etc
- 3Paragraph 3
- Interpretation of paragraph 6(2B)
- 4Paragraph 4
- Schedule 43: Repeals
- 1Excise duties
- 1Paragraph 1
- 2Paragraph 2
- Paragraph
- Paragraph
- Paragraph
- 2Value added tax
- Paragraph
- 3Income tax, corporation tax and capital gains tax
- Paragraph
- Paragraph
- Paragraph
- Paragraph
- Paragraph
- Paragraph
- Paragraph
- Paragraph
- Paragraph
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- 4Paragraph 4
- 5Paragraph 5
- 6Paragraph 6
- 7Paragraph 7
- 8Paragraph 8
- 1Paragraph 1
- 2Paragraph 2
- 3Paragraph 3
- Paragraph
- 1Paragraph 1
- 2Paragraph 2
- Paragraph
- Paragraph
- 4Other taxes
- Paragraph
- Paragraph
- 5Miscellaneous
- Paragraph
- Paragraph
- Paragraph