# Finance Act 2003, Section 65A: Seeding relief


(1) Schedule 7A provides for relief from stamp duty land tax.
(2) In that Schedule—
(a) Part 1 makes provision for relief for property authorised investment funds (PAIF seeding relief), and
(b) Part 2 makes provision for relief for co-ownership authorised contractual schemes and Reserved Investor Funds (Contractual Schemes) (co-ownership scheme seeding relief).
(3) Any relief under that Schedule must be claimed in a land transaction return or an amendment of such a return, and must be accompanied by a notice to HMRC referring to the claim.
(4) In the case of a claim for PAIF seeding relief, the notice must confirm that the purchaser is—
(a) a property AIF as defined in paragraph 2(2) of Schedule 7A, or
(b) a company treated as a property AIF by virtue of paragraph 2(5) of Schedule 7A (equivalent EEA funds).
(5) In the case of a claim for co-ownership scheme seeding relief, the notice must confirm that the purchaser is—
(a) a co-ownership authorised contractual scheme or a Reserved Investor Fund (Contractual Scheme) as defined in section 102A(8), or
(b) an entity treated as a co-ownership authorised contractual scheme by virtue of section 102A(7) (equivalent EEA schemes).
(6) The notice must be in such form, and contain such further information, as HMRC may require.
(7) Co-ownership scheme seeding relief may not be claimed where the purchaser is a Reserved Investor Fund (Contractual Scheme) if the scheme—
(a) has previously claimed such relief, and
(b) following that claim ceased, at any time, to be a Reserved Investor Fund (Contractual Scheme).

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Source: https://www.legislation.gov.uk/ukpga/2003/14/section/65A (the official version)
Page: https://openlegislation.uk/finance-act-2003/section-65A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.