{
  "url": "https://openlegislation.uk/stamp-duty-land-tax-avoidance-schemes-prescribed-descriptions-of-arrangements-amendment-regulations-2012/note",
  "json_url": "https://openlegislation.uk/stamp-duty-land-tax-avoidance-schemes-prescribed-descriptions-of-arrangements-amendment-regulations-2012/note.json",
  "legislation": "uksi/2012/2395",
  "legislation_title": "The Stamp Duty Land Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) (Amendment) Regulations 2012",
  "legislation_url": "https://openlegislation.uk/stamp-duty-land-tax-avoidance-schemes-prescribed-descriptions-of-arrangements-amendment-regulations-2012",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the Stamp Duty Land Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2005 (S.I. 2005/1868) (“the principal regulations”), which prescribe descriptions of schemes that have to be notified to HMRC under Part 7 of the Finance Act 2004 (c.12).\nRegulation 3 substitutes a new regulation 1(2) of the principal regulations to remove the monetary limits for notifying schemes.\nRegulation 4 substitutes a new regulation 1(3) of the principal regulations to substitute section 1122 of the Corporation Tax Act 2010 (2004 c. 4) for section 839 of the Income and Corporation Taxes Act 1988 (1988 c.1).\nRegulations 5 and 6 substitute a new regulation 2 of and amend the Schedule to the principal regulations, to make exceptions to the rules specifying that certain schemes need not be reported and to amend the table of claims to relief which are excluded from being prescribed arrangements.\nA Tax Information and Impact Note covering this Instrument was published in December 2011 alongside the draft Finance Bill. This will be updated as a result of changes to the impacts as a result of this instrument and will be available on the HMRC website at http://www.hmrc.gov.uk/thelibrary/tiins.htm.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2012/2395/note",
    "retrieved_at": "2026-10-29T01:18:45.717122+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."
}