Textual Amendments
F1Sch. 6A inserted (with effect in accordance with Sch. 39 para. 26 of the amending Act) by Finance Act 2004 (c. 12), Sch. 39 para. 17(2) (which amending provision re-enacts, subject to certain changes, a corresponding amendment made by the now revoked Stamp Duty and Stamp Duty Land Tax (Variation of the Finance Act 2003) (No. 2) Regulations 2003 (S.I. 2003/2816), see Sch. 39 para. 14)
8(1)A “property trader” means—
(a)a company,
(b)a limited liability partnership, or
(c)a partnership whose members are all either companies or limited liability partnerships,
that carries on the business of buying and selling dwellings.
(2)In relation to a property trader a “principal” means—
(a)in the case of a company, a director;
(b)in the case of a limited liability partnership, a member;
(c)in the case of a partnership whose members are all either companies or limited liability partnerships, a member or a person who is a principal of a member.
(3)For the purposes of this Schedule—
(a)anything done by or in relation to a company connected with a property trader is treated as done by or in relation to that property trader, and
(b)references to the principals or employees of a property trader include the principals or employees of any such company.]