EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations provide a regulatory framework within which information from Land Transaction Returns in respect of Stamp Duty Land Tax can be disclosed to the Commissioner of Valuation for Northern Ireland and District Valuers in Northern Ireland.
Regulations 1 and 2 provide for the citation, commencement and interpretation of these Regulations.
Regulation 3 provides for the disclosure of land transaction information to the Commissioner of Valuation for Northern Ireland and District Valuers in Northern Ireland, and by the Commissioner of Valuation for Northern Ireland and District Valuers in Northern Ireland to DFP.
Regulation 4 prescribes the purposes for which land transaction information may be disclosed to, and used by, DFP.
A full Impact Assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.