SCHEDULES
SCHEDULE 6Stamp duty land tax: disadvantaged areas relief
Part 1Disadvantaged areas
Meaning of “disadvantaged area”
1
1
For the purposes of this Schedule a “disadvantaged area” means an area designated as a disadvantaged area by regulations made by the Treasury.
2
The regulations may—
a
designate specified areas as disadvantaged areas, or
b
provide for areas of a description specified in the regulations to be designated as disadvantaged areas.
3
If the regulations so provide, the designation of an area as a disadvantaged area shall have effect for such period as may be specified by or determined in accordance with the regulations.
4
The regulations may—
a
make different provision for different cases, and
b
contain such incidental, supplementary, consequential or transitional provision as appears to the Treasury to be necessary or expedient.
Continuation of regulations made for purposes of stamp duty
2
Any regulations made by the Treasury—
a
designating areas as disadvantaged areas for the purposes of section 92 of the Finance Act 2001 (c. 9) (stamp duty exemption for land in disadvantaged areas), and
b
in force immediately before the implementation date,
have effect for the purposes of this Schedule as if made under paragraph 1 above and may be varied or revoked accordingly.