This section has no associated Explanatory Notes
2(1)A land transaction is relieved from tax if the seller and the buyer are companies that are members of the same group at the effective date of the transaction.E+W
(2)Relief under this paragraph is referred to in this Schedule as “"group relief””.
(3)This paragraph is subject to paragraph 4 (restrictions on availability of group relief) and paragraphs 8 and 12 (withdrawal of group relief).
Commencement Information
I1Sch. 16 para. 2 in force at 1.4.2018 by S.I. 2018/34, art. 3