SCHEDULES
SCHEDULE 39Stamp duty land tax and stamp duty
Part 2Re-enactment, with changes, of amendments made by section 109 regulations
Meaning of taking possession
15
1
Section 44 (contract and conveyance) is amended as follows.
2
In subsection (5)(a)
(meaning of “substantial performance”: purchaser taking possession), after “the purchaser” insert “
, or a person connected with the purchaser,
”
.
3
In subsection (6) (meaning of taking possession)—
a
for paragraph (a) substitute—
a
possession includes receipt of rents and profits or the right to receive them, and
b
in paragraph (b), for “the purchaser takes possession” substitute “
possession is taken
”
.
4
After subsection (10) add—
11
Section 839 of the Taxes Act 1988 (connected persons) has effect for the purposes of this section.