Paragraph 16 F1

United Kingdom

(1)

This paragraph applies where—

F2(a)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F3(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(c)

paragraph 4A applies in relation to the acquisition of an interest (but the acquisition is not exempt from charge by virtue of sub-paragraph (2) of that paragraph),

F4(d)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . or

(e)

an equity-acquisition payment is made under a shared ownership trust (but the equity-acquisition payment, and the consequential increase in the purchaser's beneficial interest, are not exempt from charge by virtue of paragraph 10).

(2)

Schedule 6ZA (relief for first-time buyers) does not apply in relation to—

F5(a)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b)

the acquisition of the interest,

F6(c)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . or

(d)

the equity-acquisition payment and the consequential increase in the purchaser's beneficial interest.

Annotations

Textual amendments

F1: Sch. 9 para. 16 and cross-heading inserted (with effect in accordance with s. 41(8) of the amending Act) by Finance Act 2018 (c. 3), s. 41(5)
F2: Sch. 9 para. 16(1)(a) omitted (with effect in accordance with s. 42(7) of the amending Act) by virtue of Finance Act 2019 (c. 1), s. 42(6)(a)
F3: Sch. 9 para. 16(1)(b) omitted (with effect in accordance with s. 42(7) of the amending Act) by virtue of Finance Act 2019 (c. 1), s. 42(6)(a)
F4: Sch. 9 para. 16(1)(d) omitted (with effect in accordance with s. 42(7) of the amending Act) by virtue of Finance Act 2019 (c. 1), s. 42(6)(a)
F5: Sch. 9 para. 16(2)(a) omitted (with effect in accordance with s. 42(7) of the amending Act) by virtue of Finance Act 2019 (c. 1), s. 42(6)(b)
F6: Sch. 9 para. 16(2)(c) omitted (with effect in accordance with s. 42(7) of the amending Act) by virtue of Finance Act 2019 (c. 1), s. 42(6)(b)

Notes on Schedule 9

Modifications

C1: Sch. 9 modified (temp.) (22.7.2020) by Stamp Duty Land Tax (Temporary Relief) Act 2020 (c. 15), s. 1 (as amended (10.6.2021) by 2021 c. 26, s. 87(2))

Notes on No relief for first-time buyers for staircasing transactions etc

Textual amendments

F2: Sch. 9 para. 16 cross-heading substituted (with effect in accordance with s. 42(7) of the amending Act) by Finance Act 2019 (c. 1), s. 42(5)