{
  "url": "https://openlegislation.uk/finance-act-2016/schedule-16/paragraph-3",
  "json_url": "https://openlegislation.uk/finance-act-2016/schedule-16/paragraph-3.json",
  "legislation": "ukpga/2016/24",
  "legislation_title": "Finance Act 2016",
  "legislation_url": "https://openlegislation.uk/finance-act-2016",
  "path": "schedule/16/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "After section 65 insert—\n“PAIF seeding relief and COACS seeding relief\n65A (1) Schedule 7A provides for relief from stamp duty land tax.\n(2) In that Schedule—\n(a) Part 1 makes provision for relief for property authorised investment funds (PAIF seeding relief), and\n(b) Part 2 makes provision for relief for co-ownership authorised contractual schemes (COACS seeding relief).\n(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.\n(4) In the case of a claim for PAIF seeding relief, the notice must confirm that the purchaser is—\n(a) a property AIF as defined in paragraph 2(2) of Schedule 7A, or\n(b) a company treated as a property AIF by virtue of paragraph 2(5) of Schedule 7A (equivalent EEA funds).\n(5) In the case of a claim for COACS seeding relief, the notice must confirm that the purchaser is—\n(a) a co-ownership authorised contractual scheme as defined in section 102A(8), or\n(b) an entity treated as a co-ownership authorised contractual scheme by virtue of section 102A(7) (equivalent EEA schemes).\n(6) The notice must be in such form, and contain such further information, as HMRC may require.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2016/24/schedule/16/paragraph/3",
    "retrieved_at": "2026-10-29T09:06:05.350093+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."
}