Finance (No. 2) Act 2005 (c. 22)

SCHEDULES

SCHEDULE 10 Stamp duty land tax: miscellaneous amendments

Part 1 Amendments coming into force in accordance with paragraph 16

Group relief

5 In paragraph 4 of Schedule 7 (cases in which group relief is not withdrawn)—

(a) in sub-paragraph (3), for paragraph (b) substitute—

“(b) another company that—

(i) is above the vendor in the group structure, and

(ii) as a result of the transaction ceases to be a member of the same group as the purchaser.”, and

(b) in sub-paragraph (5), for “this purpose” substitute “the purposes of sub-paragraphs (3) and (4)”.