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25.—(1) In Schedule 7 of the Broadcasting Act 1996(1), paragraph 25 is amended as follows.
(2) For the heading substitute “Stamp duty and stamp duty land tax”.
(3) After sub-paragraph (1) insert—
“(1A) A land transaction which is effected by a restructuring scheme, or effected in accordance with, or in pursuance of an obligation imposed by a restructuring scheme is exempt from charge for the purposes of stamp duty land tax.
(1B) Relief under sub-paragraph (1A) must be claimed in a land transaction return or an amendment of such a return.”.
(4) In sub-paragraph (4), after “In this paragraph—” insert—
““land transaction” has the meaning given in section 43(1) of the Finance Act 2003;
“land transaction return” has the meaning given by section 76(1) of that Act;”.
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