- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
2.—(1) The Principal Regulations are amended as follows.
(2) In regulation 11 (when application to be made) for “within which the land transaction return relating to the transaction in question must be delivered” substitute “of 30 days after the effective date of the transaction”.
(3) In regulation 13(2) (additional contents of application where consideration consists of works or services), for subparagraph (a) substitute—
“(a)a proposal for the payment of tax in respect of the consideration, or element of the consideration, consisting of the carrying out of such works or the provision of such services—
(i)where the transaction is not notifiable at the time of the application being made, within 14 days after the carrying out or provision is substantially completed; or
(ii)where the transaction is so notifiable, within 30 days after the carrying out or provision is substantially completed;”.
(4) In regulation 16(2) (notice of decision on an application), in subparagraph (b) for “within 30 days after the occurrence of a relevant event” substitute “not later than the date on which the purchaser must make a return or further return under regulation 24(3)”.
(5) In regulation 24(3) (payments and returns)—
(a)before subparagraph (a) insert—
“(za)where the transaction is not notifiable at the time of the application being made, within 14 days after the occurrence of a relevant event;”;
(b)for subparagraph (a) substitute—
“(a)where the transaction is so notifiable, within 30 days after the occurrence of a relevant event;”;
(c)in subparagraph (b)(i) omit “of 30 days”.
(6) In regulation 27(2) (returns and payments where consideration consists of works or services) for “may be made within 30 days after the substantial completion of the carrying out of the works or the provision of the services” substitute—
“may be made—
(a)where the transaction is not notifiable at the time of the application being made, within 14 days after the substantial completion of the carrying out of the works or the provision of the services; or
(b)where the transaction is so notifiable, within 30 days after the substantial completion of the carrying out of the works or the provision of the services”.
(7) For the form in Part 3 of Schedule 2 to the Principal Regulations (which sets out the form of a land transaction return requiring additional details about the land) substitute the form set out in Schedule 1 to these Regulations.
(8) For the form in Part 4 of Schedule 2 to the Principal Regulations (which sets out the form of a land transaction return requiring additional details about the transaction, including leases) substitute the form set out in Schedule 2 to these Regulations.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: