{
  "url": "https://openlegislation.uk/finance-act-2003/schedule-6C/paragraph-7",
  "json_url": "https://openlegislation.uk/finance-act-2003/schedule-6C/paragraph-7.json",
  "legislation": "ukpga/2003/14",
  "legislation_title": "Finance Act 2003",
  "legislation_url": "https://openlegislation.uk/finance-act-2003",
  "path": "schedule/6C/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": "Attributing chargeable consideration to land",
  "text": "(1) For the purposes of this Schedule, the consideration attributable to qualifying land must be determined on a just and reasonable basis.\n(2) Sub-paragraphs (3) and (4) apply if less than 100% of the chargeable consideration attributable to transaction land situated in a special tax site (“the relevant consideration”) is attributable to land that satisfies the condition in paragraph 2(b).\n(3) If at least 90% of the freeport consideration is attributable to land that satisfies the condition in paragraph 2(b) then, for the purposes of this Schedule, all of the relevant consideration is to be treated as being attributable to qualifying land.\n(4) If less than 10% of the relevant consideration is attributable to land that satisfies the condition in paragraph 2(b) then, for the purposes of this Schedule, all of the freeport consideration is to be treated as not being attributable to qualifying land.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 6C inserted (10.6.2021) by Finance Act 2021 (c. 26), Sch. 23 para. 8"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 6C substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 8(b)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Sch. 6C substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 8(c)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in Sch. 6C para. 7(2) substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 8(d)(i)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in Sch. 6C para. 7(3) substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 8(d)(ii)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in Sch. 6C para. 7(4) substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 8(d)(ii)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2003/14/schedule/6C/paragraph/7",
    "retrieved_at": "2026-10-29T09:18:27.996599+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."
}