Paragraph 2 Qualifying landF1
For the purposes of this Schedule, transaction land is “qualifying land” if, on the effective date of the transaction—
(a)
it is situated in a special tax site, and
(b)
the purchaser intends it to be used exclusively in a qualifying manner.
Annotations
Textual amendments
- F1
Sch. 6C para. 2 and cross-heading substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 8(a)
Notes on Schedule 6C
Textual amendments
- F1
Sch. 6C inserted (10.6.2021) by Finance Act 2021 (c. 26), Sch. 23 para. 8
- F2
Words in Sch. 6C heading substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 8(e)
Notes on Part 1
Textual amendments
- F1
Sch. 6C inserted (10.6.2021) by Finance Act 2021 (c. 26), Sch. 23 para. 8
- F2
Words in Sch. 6C substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 8(b)