# Finance Act 2016, Paragraph 3


After section 65 insert—
“PAIF seeding relief and COACS seeding relief
65A (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 (COACS 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 COACS seeding relief, the notice must confirm that the purchaser is—
(a) a co-ownership authorised 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.”

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Source: https://www.legislation.gov.uk/ukpga/2016/24/schedule/16/paragraph/3 (the official version)
Page: https://openlegislation.uk/finance-act-2016/schedule-16/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.