SCHEDULES
F1SCHEDULE 4ZAStamp duty land tax: higher rates for additional dwellings and dwellings purchased by companies
Annotations:
Amendments (Textual)
PART 3Supplementary provisions
Alternative finance arrangements
15
1
This paragraph applies in relation to a chargeable transaction which is the first transaction under an alternative finance arrangement entered into between a person and a financial institution.
2
The person (rather than the institution) is to be treated for the purposes of this Schedule as the purchaser in relation to the transaction.
3
In this paragraph—
“alternative finance arrangement” means an arrangement of a kind mentioned in section 71A(1) or 73(1);
“financial institution” has the meaning it has in those sections (see section 73BA);
“first transaction”, in relation to an alternative finance arrangement, has the meaning given by section 71A(1)(a) or (as the case may be) section 73(1)(a)(i).
Sch. 4ZA inserted (with effect in accordance with s. 128(5)(6) of the amending Act) by Finance Act 2016 (c. 24), s. 128(3) (with s. 128(9)(10))