Part 4Stamp duty land tax

Reliefs

F158BRelief for new zero-carbon homes

(1)

The Treasury may make regulations granting relief on the first acquisition of a dwelling which is a “zero-carbon home”.

F2(2)

For the purposes of this section—

(a)

a building, or a part of a building, is a dwelling if it is constructed for use as a single dwelling, and

(b)

“first acquisition”, in relation to a dwelling, means its acquisition when it has not previously been occupied.

(3)

For the purpose of subsection (2) land occupied or enjoyed with a dwelling as a garden or grounds is part of the dwelling.

(4)

The regulations shall define “zero-carbon home” by reference to specified aspects of the energy efficiency of a building; for which purpose “energy efficiency” includes—

(a)

consumption of energy,

(b)

conservation of energy, and

(c)

generation of energy.

(5)

The relief may take the form of—

(a)

exemption from charge, or

(b)

a reduction in the amount of tax chargeable.

(6)

Regulations under this section shall not have effect in relation to acquisitions on or after 1st October 2012.

(7)

The Treasury may by order—

(a)

substitute a later date for the date in subsection (6);

(b)

make transitional provision, or provide savings, in connection with the effect of subsection (6).