{
  "url": "https://openlegislation.uk/scotland-act-2012/schedule-3/paragraph-31",
  "json_url": "https://openlegislation.uk/scotland-act-2012/schedule-3/paragraph-31.json",
  "legislation": "ukpga/2012/11",
  "legislation_title": "Scotland Act 2012",
  "legislation_url": "https://openlegislation.uk/scotland-act-2012",
  "path": "schedule/3/paragraph/31",
  "kind": "paragraph",
  "number": "31",
  "heading": null,
  "text": "(1) Schedule 61 to the Finance Act 2009 (alternative finance investment bonds) is amended as follows.\n(2) Paragraph 1 (interpretation) is amended as follows.\n(3) In sub-paragraph (1)—\n(a) before the definition of “HMRC” insert—\n““effective date”, for a transaction relating to land in Scotland, is the date which would be the effective date (under section 119 of FA 2003) if Part 4 of FA 2003 applied to land in Scotland;”;\n(b) omit the definition of “qualifying interest”.\n(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(5) Paragraph 5 (conditions for operation of relief) is amended as follows.\n(6) In sub-paragraph (6) (Condition D)—\n(a) after “Condition D” insert “ (which applies in the case of land in England and Wales or Northern Ireland) ”;\n(b) omit paragraph (b).\n(7) In sub-paragraph (7) (charge or security for purposes of Condition D)—\n(a) omit “or security”;\n(b) in paragraph (a) omit “, or a security ranking first granted over,”.\n(8) In paragraph 6(1)(a) (relief from stamp duty land tax) for “the United Kingdom” substitute “ England and Wales or Northern Ireland ”.\n(9) In paragraph 7 (withdrawal of relief in certain circumstances)—\n(a) in sub-paragraph (1) after “This paragraph applies if” insert “ paragraph 6 applies but ”;\n(b) in sub-paragraph (2) after “This paragraph also applies if” insert “ paragraph 6 applies but ”.\n(10) In paragraph 9 (discharge of charge when conditions for relief met) omit “or security”.\n(11) In paragraph 11(2) (disapplication of CGT relief if charge not given) for “the United Kingdom” substitute “ England and Wales or Northern Ireland ”.\n(12) In paragraph 12(1)(b) (CGT relief on second transaction) for “the United Kingdom” substitute “ England and Wales or Northern Ireland ”.\n(13) In paragraph 18(5) and (6) (discharge of charge if original land replaced)—\n(a) for “the United Kingdom” substitute “ England and Wales or Northern Ireland ”;\n(b) omit “or security”.\n(14) In paragraph 19(1) (HMRC to notify Registrar of discharge)—\n(a) omit “or security”;\n(b) omit paragraph (b).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 3 para. 31(4) omitted (with effect in accordance with s. 16(4)(5) of the amending Act) by virtue of Wales Act 2014 (c. 29), s. 29(2)(b)(3), Sch. 2 para. 16; S.I. 2018/214, art. 2(a)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 3 para. 31 has effect as specified by The Scotland Act 2012, Section 29 (Disapplication of UK Stamp Duty Land Tax) (Appointed Day) Order 2015 (S.I. 2015/637), art. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2012/11/schedule/3/paragraph/31",
    "retrieved_at": "2026-10-29T09:08:48.797797+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."
}