F1Schedule 16D (introduced by section 27)Green Freeports Relief

PART 2The relief

Full relief

2.

(1)

This paragraph applies to a land transaction if—

(a)

at least 90% of the chargeable consideration for the transaction is attributable to qualifying green freeport land, and

(b)

the effective date of the transaction is within the period beginning on 1 October 2023 and ending on 30 September 2028.

(2)

The transaction is exempt from charge.