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Finance Act 2018

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There are currently no known outstanding effects for the Finance Act 2018, Cross Heading: Minor and consequential amendments. Help about Changes to Legislation

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Minor and consequential amendmentsE+W+S+N.I.

7In paragraph 2, after sub-paragraph (3) insert—E+W+S+N.I.

(3A)Sub-paragraphs (2) and (3) are subject to paragraph 9A (spouses and civil partners purchasing from one another).

8(1)Paragraph 3 is amended as follows.E+W+S+N.I.

(2)After sub-paragraph (1) insert—

(1A)But sub-paragraph (1) is subject to paragraph 7A.

(3)In sub-paragraph (7), in the opening words, for “may become” substitute “ is also ”.

9In paragraph 6—E+W+S+N.I.

(a)after sub-paragraph (1) insert—

(1A)But sub-paragraph (1) is subject to paragraph 7A., and

(b)in sub-paragraph (3) for “and (7)” substitute “ to (8) ”.

10In paragraph 8—E+W+S+N.I.

(a)in sub-paragraph (1) for “ceases to be” substitute “ is not ”,

(b)in sub-paragraph (2) for “was” substitute “ is ”,

(c)in sub-paragraph (3) for “its ceasing to be a higher rates transaction” substitute “ the application of paragraph 3(7) ”, and

(d)in sub-paragraph (4) for “its ceasing to be a higher rates transaction” substitute “ the application of paragraph 3(7) ”.

11In paragraph 9(3) for “paragraph” substitute “ Schedule ”.E+W+S+N.I.

12(1)Paragraph 12 is amended as follows.E+W+S+N.I.

(2)In sub-paragraph (2)(a) after “any” insert “ relevant ”.

(3)For sub-paragraph (3) substitute—

(3)For the purposes of sub-paragraph (2) a spouse or civil partner of P is “relevant” if the spouse or civil partner—

(a)is not a parent of the child, and

(b)is living together with P (see paragraph 9(3)).

(4)Omit sub-paragraph (4).

13In the italic heading before paragraph 17 omit “, Wales”.E+W+S+N.I.

14(1)Paragraph 17 is amended as follows.E+W+S+N.I.

(2)In sub-paragraph (1) omit “, Wales”.

(3)After sub-paragraph (1) insert—

(1A)In the application of those provisions in relation to a dwelling situated in Wales—

(a)references to a “major interest” in the dwelling are to an interest in the dwelling of a kind mentioned in section 117(2),

(b)references to a “land transaction” in relation to the dwelling are to the acquisition of an interest in the dwelling, and

(c)references to the “effective date” of a land transaction in relation to the dwelling are to the date on which the interest in the dwelling is acquired.

(4)In sub-paragraph (3)—

(a)in the words before paragraph (a) after “(1)” insert “ , (1A) ”,

(b)in paragraph (a)—

(i)after “(6)(b)” insert “ , (ba) ”, and

(ii)after “(7)(b)” insert “ , (ba) ”, and

(c)after paragraph (b) insert—

(ba)paragraph 9B,

(5)In sub-paragraph (4)—

(a)omit “, Wales”, and

(b)after “any” insert “ relevant ”.

(6)For sub-paragraph (5) substitute—

(5)For the purposes of sub-paragraph (4) a spouse or civil partner of P is “relevant” if the spouse or civil partner—

(a)is not a parent of the child, and

(b)is living together with P (see paragraph 9(3)).

(7)Omit sub-paragraph (6).

15In section 128(9)(b) of FA 2016 for “ “during that period of three years”” substitute “the words from “during” to “paragraph (b)””.E+W+S+N.I.

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