SCHEDULES

SCHEDULE 6 U.K.Stamp duty land tax: disadvantaged areas relief

Part 3 U.K.Land partly situated in a disadvantaged area

Introduction U.K.

7 (1) This Part of this Schedule applies to a land transaction if U.K.

[F1 (a)]the subject matter of the transaction is a chargeable interest in relation to land that is partly in a disadvantaged area and partly outside such an area[F2 , and

(b) the land situated in a disadvantaged area is wholly or partly residential property].

(2) References in this Part to the consideration attributable to land situated in a disadvantaged area and to land not so situated (or to the rent or annual rent so attributable) are to the consideration (or rent or annual rent) so attributable on a just and reasonable apportionment.

Textual Amendments

F1 Word in Sch. 6 para. 7(1) inserted (with application in accordance with Sch. 9 para. 4(1) of the amending Act) by Finance Act 2005 (c. 7), Sch. 9 para. 1(5) (with Sch. 9 para. 4)

F2 Sch. 6 para. 7(1)(b) and word inserted (with application in accordance with Sch. 9 para. 4(1) of the amending Act) by Finance Act 2005 (c. 7), Sch. 9 para. 1(5) (with Sch. 9 para. 4)