SCHEDULE 24 Stamp duty land tax: amendments of Schedule 15 to FA 2003
Section 163
Introduction
1 Schedule 15 to FA 2003 (stamp duty land tax: partnerships) is amended as follows.
Transfer of chargeable interest to a partnership
2 (1) In paragraph 10 (transfer of chargeable interest to a partnership: general), for sub-paragraphs (2) to (4) substitute—
(2) The chargeable consideration for the transaction shall (subject to paragraph 13) be taken to be equal to—
MV
×
(
100
-
SLP
)
%
where—
MV is the market value of the interest transferred, and
SLP is the sum of the lower proportions.
(2) In sub-paragraph (6) of that paragraph, omit “(instead of sub-paragraphs (2) to (5))”.
3 In paragraph 11 (transfer of chargeable interest to a partnership: chargeable consideration including rent), for sub-paragraphs (2) to (7) substitute—
(2) Schedule 5 (amount of tax chargeable: rent) has effect with the modifications set out in sub-paragraphs (2A) to (2C).
(2A) In paragraph 2—
(a) for “the net present value of the rent payable over the term of the lease” substitute “ the relevant chargeable proportion of the net present value of the rent payable over the term of the lease ”, and
(b) for “the net present values of the rent payable over the terms of all the leases” substitute “ the relevant chargeable proportions of the net present values of the rent payable over the terms of all the leases ”.
(2B) In paragraph 9(2A)—
(a) for “the annual rent” substitute “ the relevant chargeable proportion of the annual rent ”, and
(b) for “the total of the annual rents” substitute “ the relevant chargeable proportion of the total of the annual rents ”.
(2C) For paragraph 9(4) substitute—
(4) Tax chargeable under this Schedule is in addition to any tax chargeable under section 55 as it has effect by virtue of paragraph 10 of Schedule 15.
.
(2D) For the purposes of sub-paragraphs (2A) and (2B) the relevant chargeable proportion is—
(
100
-
SLP
)
%
where SLP is the sum of the lower proportions.
4 (1) In paragraph 13 (transfer of chargeable interest to a partnership consisting wholly of bodies corporate), in sub-paragraph (3), for “sub-paragraphs (2) to (5)” substitute “ sub-paragraphs (2) and (5) ”.
(2) For sub-paragraphs (4) to (7) of that paragraph substitute—
(4A) In paragraph 11(2), for “sub-paragraphs (2A) to (2C)” substitute “ sub-paragraph (2C) ”.
(5) In paragraph 11, omit sub-paragraphs (2A), (2B), (2D) and (8).
Transfer of chargeable interest from a partnership
5 (1) In paragraph 18 (transfer of chargeable interest from a partnership: general), for sub-paragraphs (2) to (4) substitute—
(2) The chargeable consideration for the transaction shall (subject to paragraph 24) be taken to be equal to—
MV
×
(
100
-
SLP
)
%
where—
MV is the market value of the interest transferred, and
SLP is the sum of the lower proportions.
(2) In sub-paragraph (6) of that paragraph, omit “(instead of sub-paragraphs (2) to (5))”.
6 In paragraph 19 (transfer of chargeable interest from a partnership: chargeable consideration including rent), for sub-paragraphs (2) to (7) substitute—
(2) Schedule 5 (amount of tax chargeable: rent) has effect with the modifications set out in sub-paragraphs (2A) to (2C).
(2A) In paragraph 2—
(a) for “the net present value of the rent payable over the term of the lease” substitute “ the relevant chargeable proportion of the net present value of the rent payable over the term of the lease ”, and
(b) for “the net present values of the rent payable over the terms of all the leases” substitute “ the relevant chargeable proportions of the net present values of the rent payable over the terms of all the leases ”.
(2B) In paragraph 9(2A)—
(a) for “the annual rent” substitute “ the relevant chargeable proportion of the annual rent ”, and
(b) for “the total of the annual rents” substitute “ the relevant chargeable proportion of the total of the annual rents ”.
(2C) For paragraph 9(4) substitute—
(4) Tax chargeable under this Schedule is in addition to any tax chargeable under section 55 as it has effect by virtue of paragraph 18 of Schedule 15.
.
(2D) For the purposes of sub-paragraphs (2A) and (2B) the relevant chargeable proportion is—
(
100
-
SLP
)
%
where SLP is the sum of the lower proportions.
7 (1) In paragraph 24 (transfer of chargeable interest from a partnership consisting wholly of bodies corporate), in sub-paragraph (3), for “sub-paragraphs (2) to (5)” substitute “ sub-paragraphs (2) and (5) ”.
(2) For sub-paragraphs (4) to (8) of that paragraph substitute—
(4A) In paragraph 19(2), for “sub-paragraphs (2A) to (2C)” substitute “ sub-paragraph (2C) ”.
(5) In paragraph 19, omit sub-paragraphs (2A), (2B), (2D) and (8).
Transfer of chargeable interest from a partnership to a partnership
8 In paragraph 23 (transfer of chargeable interest from a partnership to a partnership), for sub-paragraphs (2) and (3) substitute—
(2) Paragraphs 10(2) and 18(2) do not apply.
(2A) The chargeable consideration for the transaction shall be taken to be what it would have been if paragraph 10(2) had applied or, if greater, what it would have been if paragraph 18(2) had applied.
(3) Where the whole or part of the chargeable consideration for the transaction is rent—
(a) paragraphs 11 and 19 do not apply;
(b) the tax chargeable in respect of so much of the chargeable consideration as consists of rent shall be taken to be what it would have been if paragraph 11 had applied or, if greater, what it would have been if paragraph 19 had applied;
(c) the disapplication of the 0% band provided for by paragraph 9(2) of Schedule 5 has effect if—
(i) it would have had effect if paragraph 11(2B) of this Schedule had applied, or
(ii) it would have had effect if paragraph 19(2B) of this Schedule had applied.
Transfer of partnership interest: restriction of charge to property-investment partnerships
9 (1) In paragraph 14 (transfer of partnership interest: consideration given and chargeable interest held), for the heading substitute—
Transfer for consideration of interest in property-investment partnership
.
(2) In sub-paragraph (1)(a) of that paragraph, before “partnership” insert “ property-investment ”.
(3) After sub-paragraph (7) of that paragraph insert—
(8) In this paragraph—
“property-investment partnership” means a partnership whose sole or main activity is investing or dealing in chargeable interests (whether or not that activity involves the carrying out of construction operations on the land in question);
“construction operations” has the same meaning as in Chapter 3 of Part 3 of the Finance Act 2004 (see section 74 of that Act).
Prevention of double charge where money etc withdrawn from partnership
10 In paragraph 17A (withdrawal of money etc from partnership after transfer of chargeable interest), after sub-paragraph (7) insert—
(8) Where—
(a) a qualifying event gives rise to a charge under this paragraph, and
(b) the same event gives rise to a charge under paragraph 14 (transfer for consideration of interest in property-investment partnership),
the amount of the charge under this paragraph is reduced (but not below nil) by the amount of the charge under that paragraph.
Commencement
11 (1) Paragraphs 2 to 8 have effect in relation to any transfer of which the effective date is on or after the day on which this Act is passed.
(2) Paragraph 9 has effect in relation to any transfer that has (or, but for the amendment made by that paragraph, would have) an effective date which is on or after that day.
(3) Paragraph 10 has effect in relation to any qualifying event of which the effective date is on or after that day.
(4) In this paragraph “effective date” has the same meaning as in Part 4 of FA 2003.
Propose a changeSCHEDULE 26 Repeals
Section 178
Part 1 Excise duties
(1) Provisions of ALDA 1979 of no practical utility etc
Short title and chapter | Extent of repeal
Alcoholic Liquor Duties Act 1979 (c. 4) | Section 12(4). Section 14. Section 15(4). Section 18(5). Section 21. Section 24. Section 26. Section 32. Section 35. Section 55A. Section 67. Section 69. Section 71. Section 74. Section 82.
Finance Act 1981 (c. 35) | In Schedule 8, paragraphs 13, 17 and 21.
Finance Act 1985 (c. 54) | In Schedule 3, paragraph 2.
Finance Act 1986 (c. 41) | In Schedule 5, paragraph 3(2).
Territorial Sea Act 1987 (c. 49) | In Schedule 1, paragraph 5(2).
Finance Act 1988 (c. 39) | In Schedule 1, paragraphs 6 and 10.
Finance Act 1994 (c. 9) | In Schedule 4, in paragraph 18(1), the words from “(offence” to the end, and paragraphs 23, 25, 28, 36, 42 to 44 and 48. In Schedule 5, paragraph 3(1)(i) and (n).
Finance Act 1995 (c. 4) | In Schedule 2, paragraph 4.
Licensing Act 2003 (c. 17) | In Schedule 6, paragraph 73.
(2) Amusement machine licence duty
Short title and chapter | Extent of repeal
Betting and Gaming Duties Act 1981 (c. 63). | Section 22(2)(b). Section 25A. In section 26(2)— the definition of “video machine”, and in the definition of “two-penny machine”, the words from “and “five-penny machine”” to the end. In Schedule 3, paragraph 6. In Schedule 4, paragraphs 2, 3 and 15.
Part 2 Value added tax
Gaming machines
Short title and chapter | Extent of repeal
Betting and Gaming Duties Act 1981 (c. 63) | The word “or” immediately after section 2(2)(b).
Value Added Tax Act 1994 (c. 23) | In section 23(1), the words “to play”.
Part 3 Income tax, corporation tax and capital gains tax
(1) Abolition of corporation tax starting rate and non-corporate distribution rate
These repeals have effect in accordance with section 26 of this Act.
Short title and chapter | Extent of repeal
Income and Corporation Taxes Act 1988 (c. 1) | Sections 13AA and 13AB. In section 13A(1), the words “or 13AA(8)”. Schedule A2.
Finance Act 1998 (c. 36) | In Schedule 18, in paragraph 8(1), in the second step, the words “or 13AA(2)”.
Finance Act 1999 (c. 16) | Section 28.
Finance Act 2004 (c. 36) | Section 28. Schedule 3.
(2) Group relief where surrendering company not resident in UK
This repeal has effect in accordance with Schedule 1 to this Act.
Short title and chapter | Extent of repeal
Finance Act 2000 (c. 17) | In Schedule 27, paragraph 3(a).
(3) Relief for research and development: subjects of clinical trials
These repeals have effect in accordance with section 28 of this Act.
Short title and chapter | Extent of repeal
Finance Act 2002 (c. 23) | In Schedule 12— in paragraph 4(3), the word “or” at the end of paragraph (b); in paragraph 9(2), the word “or” at the end of paragraph (b); in paragraph 17, the word “and” at the end of paragraph (c). In Schedule 13— in paragraph 3(5), the word “or” at the end of paragraph (b); in paragraph 9(3), the word “or” at the end of paragraph (b).
(4) Films
1 These repeals come into force in accordance with the provisions of sections 46 and 47 of this Act. 2 In consequence of the repeals in ITTOIA 2005— the heading before section 135 of that Act becomes “Rules for allocating expenditure”; and the heading to that section becomes “Allocation of production or acquisition expenditure to relevant periods”.
Short title and chapter | Extent of repeal
Finance (No.2) Act 1992 (c. 48) | Sections 40A to 43.
Finance (No.2) Act 1997 (c. 58) | Section 48.
Finance Act 2002 (c. 23) | Sections 99 to 101.
Income Tax (Trading and Other Income) Act 2005 (c. 5) | In the heading to Chapter 9 of Part 2, the words “FILMS AND”. In section 130— in subsections (1)(a), (2), (3) and (4), the words “film or” wherever occurring; in subsection (1), paragraph (b) and the word “and” preceding it; subsection (6). Section 131. In section 132— in subsection (1), paragraph (a) and the word “and” following it; subsections (2) and (3). Section 134(4). In section 135— in subsection (1)(a), the words “films or”; subsection (1)(d); subsection (6)(b) to (d); subsection (7). Sections 136 to 144.
Finance Act 2005 (c. 7) | Sections 58 to 71. Schedule 3.
(5) non-charitable expenditure
Short title and chapter | Extent of repeal
Income and Corporation Taxes Act 1988 (c. 1) | In section 506(2), the words “and subsection (1) above”. Section 506(6). Part III of Schedule 20.
(6) Mobile telephones
These repeals have effect in accordance with section 60(4) and (5) of this Act.
Short title and chapter | Extent of repeal
Income Tax (Earnings and Pensions) Act 2003 (c. 1) | In section 266(2)(b), the word “or”. In section 267(2)(e), the word “and” at the end.
Communications Act 2003 (c. 21) | In Schedule 17, paragraph 175(2).
(7) Computer equipment
These repeals have effect in accordance with section 61(2) and (3) of this Act.
Short title and chapter | Extent of repeal
Income Tax (Earnings and Pensions) Act 2003 (c. 1) | Section 320.
Communications Act 2003 (c. 21) | In Schedule 17, paragraph 175(3).
Finance Act 2004 (c. 12) | Section 79.
(8) Exemption for employees' eye tests and special glasses
This repeal has effect for the year 2006-07 and subsequent years of assessment.
Short title and chapter | Extent of repeal
Income Tax (Earnings and Pensions) Act 2003 (c. 1) | In section 266(3), the word “or” at the end of paragraph (d).
(9) Capital losses
1 The repeals of— section 177B of, and Schedule 7AA to, TCGA 1992, section 137(1), (2) and (5) of, and Schedule 24, to FA 1998, and paragraph 8 of Schedule 29 to FA 2000, have effect in accordance with section 70(6) to (11) of this Act. 2 The other repeals have effect in accordance with section 72 of this Act.
Short title and chapter | Extent of repeal
Taxation of Chargeable Gains Act 1992 (c. 12) | In section 104(2)(b), the word “, 106”. In section 105(2)(c), the word “106,”. Section 106. In section 108(8), the words “shall have effect subject to section 106 but”. Section 177B and the italic cross-heading before it. Schedule 7AA.
Finance Act 1998 (c. 36) | Section 137(1), (2) and (5). Schedule 24.
Finance Act 2000 (c. 17) | In Schedule 29, paragraphs 8 and 18.
Finance Act 2003 (c. 14) | In Schedule 27, in paragraph 2(3), the words “106(10),”.
(10) policies of insurance and non-deferred annuities
This repeal has effect in accordance with section 73 of this Act.
Short title and chapter | Extent of repeal
Taxation of Chargeable Gains Act 1992 (c. 12) | Section 237(b).
(11) exception to “bed and breakfasting” rules etc
These repeals have effect in accordance with section 74(6) of this Act.
Short title and chapter | Extent of repeal
Taxation of Chargeable Gains Act 1992 (c. 12) | Section 10A(9A). Section 83A(5).
(12) Avoidance involving financial arrangements
These repeals have effect in accordance with Schedule 6 to this Act.
Short title and chapter | Extent of repeal
Income and Corporation Taxes Act 1988 (c. 1) | Sections 43A to 43G. Section 730(3).
Finance Act 1996 (c. 8) | In section 81(2), the word “or” immediately before paragraph (b). In section 103(1), in the definition of “fair value”, in paragraphs (a) and (b), the words “in respect of amounts which at that time are not yet due and payable”.
Finance Act 2000 (c. 17) | Section 110.
Capital Allowances Act 2001 (c. 2) | In Schedule 2, paragraphs 11 and 12.
Finance Act 2002 (c. 23) | In section 103(4)(a), the words “43A(1),”. In Schedule 26, in paragraph 54(1), in the definition of “fair value”, in paragraphs (a) and (b), the words “in respect of amounts which at that time are not yet due and payable”.
Income Tax (Trading and Other Income) Act 2005 (c. 5) | In Schedule 1, paragraphs 26 to 30.
Finance (No.2) Act 2005 (c. 22) | In Schedule 7, paragraphs 1, 2(6), 17(3) and 23(2).
(13) Leasing of plant or machinery
These repeals have effect in relation to expenditure incurred on or after 1st April 2006.
Short title and chapter | Extent of repeal
Finance Act 2002 (c. 23) | Section 62.
Finance Act 2003 (c. 14) | In Schedule 30, paragraph 4(2).
(14) insurance companies
The repeals in section 83ZA of FA 1989 have effect in accordance with Schedule 11 to this Act.
Short title and chapter | Extent of repeal
Income and Corporation Taxes Act 1988 (c. 1) | Section 431A(5). In section 432B(4)(b), the words “and ending before 1st October 2006”.
Finance Act 1989 (c. 26) | In section 83ZA— in subsection (7), the words “the aggregate of”, paragraph (b) and the word “and” before that paragraph, subsections (10) and (12), and in subsection (15), the word “, (12)”.
(15) Settlements
These repeals shall come into force in accordance with the provisions of Schedules 12 and 13 to this Act.
Short title and chapter | Extent of repeal
Income and Corporation Taxes Act 1988 (c. 1) | Section 220(2). In section 360A(2)(b)— the words “trustee or”, and the words from “(“settlement”” to the end. In section 360A(2)(c), the words “trustee or”. In section 360A(8), the words “trustee or”. In section 417(3)(b)— the words “trustee or”, and the words from “(“settlement”” to the end. In section 417(3)(c)(i), the words “trustee or”. In section 686(2)(b), the word “either”. Section 720(8)(a). Section 764. At the end of section 839(3)(b), the word “and”.
Finance Act 1989 (c. 26) | At the end of section 68(2)(bb), the word “and”. Section 68(2)(c). At the end of section 71(4)(bb), the word “and”. Section 71(4)(c). Section 110.
Finance Act 1990 (c. 29) | At the end of section 25(9)(b)(iii), the word “or”.
Taxation of Chargeable Gains Act 1992 (c. 12) | In section 63(1), the words “an heir of entail in possession of any property in Scotland subject to an entail, whether sui juris or not, or of”. In section 63(2)— the words “For the purposes of this Act,” the words “heir or” before “liferenter”, and the words “the heir of entail next entitled to the entailed property under the entail or, as the case may be,”. In section 77(6), the word “or” at the end of paragraph (a). In section 83A(3), the word “or” at the end of paragraph (a). Section 83A(3)(b). In section 97(7), the words “the preceding provisions of”. In section 98(2), the word “and” at the end of paragraph (a). Section 98(2)(b). In section 169(3)(a), the words from “, although” to the end of the paragraph. In section 217(3), the word “and” at the end of paragraph (a). Section 217(3)(b). In section 283(4), the words “as such (within the meaning of section 701(4) of that Act)”. In section 286(3), the word “and” at the end of paragraph (b). In section 286(3), the words following paragraph (c). Paragraph 17(6) of Schedule A1. In paragraph 2(7) of Schedule 1, the words from “settlor” to “intestate and”. In paragraph 2(7)(a) of Schedule 1, the words “treated under section 69(1) as”. In paragraph 7(5) of Schedule 4A, the word “or” at the end of paragraph (a).
Income Tax (Trading and Other Income) Act 2005 (c. 5) | Section 457(4). Section 568(5).
Finance Act 2005 (c. 7) | Section 42(5)(b).
(16) venture capital schemes
1 The repeals in section 73 of FA 1998 have effect in accordance with paragraph 2(2) to (4) of Schedule 14 to this Act. 2 The repeal of paragraph 2 of Schedule 13 to FA 1998 has effect in accordance with paragraph 5(2) of Schedule 14 to this Act. 3 The repeal of paragraph 1(4) of Schedule 18 to FA 2000 has effect in accordance with paragraph 7(5) of Schedule 14 to this Act. 4 The repeal of paragraph 4 of Schedule 18 to FA 2004 has effect in accordance with paragraph 6(2) of Schedule 14 to this Act.
Short title and chapter | Extent of repeal
Finance Act 1998 (c. 36) | Section 73(5). In section 73(6), the words from “; and subsection (5)” to the end. In Schedule 13, paragraph 2.
Finance Act 2000 (c. 17) | In Schedule 18, paragraph 1(4).
Finance Act 2004 (c. 12) | In Schedule 18, paragraph 4.
(17) Alternative finance arrangements
Short title and chapter | Extent of repeal
Finance Act 2005 (c. 7) | Section 47(5).
(18) Nuclear decommissioning
This repeal has effect in relation to accounting periods of the Nuclear Decommissioning Authority ending on or after 22nd March 2006.
Short title and chapter | Extent of repeal
Energy Act 2004 (c. 20) | In section 30(1)(c), the words “on the coming into force of the direction mentioned in paragraph (a),”.
(19) Securitisation companies
These repeals have effect in accordance with section 101(6) and (7) of this Act.
Short title and chapter | Extent of repeal
Finance Act 2005 (c. 7) | In section 83(3), the word “and” at the end of paragraph (c). In section 84— subsection (3)(d)(ii) and the word “and” following it; subsection (5)(a).
Part 4 Real Estate Investment Trusts
Short title and chapter | Repeal
Income and Corporation Taxes Act 1988 (c. 1). | Sections 508A, 508B and 842(1AA).
Finance Act 1996 (c. 8). | Schedule 30.
Part 5 Oil
(1) New basis for determining the market value of oil
1 The repeal in Schedule 8 to F(No.2)A 1987 has effect for chargeable periods beginning on or after 1st July 2006. 2 The other repeals have effect in accordance with section 146 of this Act.
Short title and chapter | Extent of repeal
Oil Taxation Act 1975 (c. 22) | In section 5A(5C), paragraph (a) and the word “and” at the end of paragraph (b). In Schedule 3, paragraph 2(3) and, in paragraph 2A,— in sub-paragraph (1), the words “, or in accordance with those sub-paragraphs as modified by sub-paragraph (3) of that paragraph,”;(b) in sub-paragraph (3), the words “(with sub-paragraphs (2)(f) of paragraph 2 applying accordingly)”.
Finance Act 1983 (c. 28) | Section 38.
Finance Act 1987 (c. 16) | Section 62(2)(c). In Schedule 11— paragraph 1(3) to (7); paragraphs 3 to 5.
Finance (No. 2) Act 1987 (c. 51) | In section 101— in subsection (5) the words “, subject to subsection (6) below”; and subsection (6). In Schedule 8, paragraph 5.
Finance (No. 2) Act 1992 (c. 48) | In Schedule 15, paragraph 4(1).
Finance Act 1994 (c. 9) | Section 235(1)(d) and (2).
(2) Nomination scheme
These repeals shall come into force in accordance with the provisions of sections 149 and 150 of this Act.
Short title and chapter | Extent of repeal
Finance Act 1987 (c. 16) | In section 61(1) the words “, supplies and appropriations”. Section 61(6) and (7). In section 61(9) the words “subsection (7) or”. In paragraph 1(1) of Schedule 10 the words “, “proposed supply” and “proposed appropriation””. Paragraph 1(2) of Schedule 10. Paragraph 2(1)(b), (c) and (d) of Schedule 10. The words following paragraph 2(1)(d) of Schedule 10. Paragraph 3 of Schedule 10. Paragraph 4(2), (2A) and (4) of Schedule 10. In paragraph 5(1)(b) of Schedule 10, the words “in the case of a proposed sale”. In paragraph 5(1)(c) and (d) of Schedule 10, the words “or relevantly appropriated”. In paragraph 6 of Schedule 10— in sub-paragraph (1), the words “Subject to sub-paragraph (3) below,” and sub-paragraphs (2) and (3). Paragraphs 8 to 11 of Schedule 10. In paragraph 12(1) of Schedule 10, the words “, supply or appropriation”.
Part 6 Inheritance tax
1 The repeals in sections 3A(1) and 54A(2) of IHTA 1984 shall be deemed to have come into force on 22nd March 2006, but the repeal in section 54A(2) of IHTA 1984 is to be read with paragraph 16(4) of Schedule 20 to this Act. 2 The repeal in section 71(1)(a) of IHTA 1984 comes into force in accordance with paragraph 3(2) of Schedule 20 to this Act.
Short title and chapter | Extent of repeal
Inheritance Tax Act 1984 (c. 51) | In section 3A(1), the words after paragraph (c). In section 54A(2), in paragraph (c), the words “, other than property to which section 71 below applies” and, in paragraph (d)(i), the words “or to which section 71 below applies”. In section 71(1)(a), the words “or to an interest in possession in it”.
Part 7 Stamp taxes
(1) Stamp duty and stamp duty land tax: thresholds
This repeal has effect in accordance with section 162 of this Act.
Short title and chapter | Extent of repeal
Finance Act 2005 (c. 7) | Section 95.
(2) Stamp duty land tax: partnerships
These repeals have effect in relation to any transfer of which the effective date (within the meaning of Part 4 of FA 2003) is on or after the day on which this Act is passed.
Short title and chapter | Extent of repeal
Finance Act 2003 (c. 14) | In Schedule 15— in paragraph 10(6), the words “(instead of sub-paragraphs (2) to (5))”; in paragraph 18(6), the words “(instead of sub-paragraphs (2) to (5))”.
(3) Stamp duty land tax: unit trust schemes
These repeals have effect in accordance with section 166 of this Act.
Short title and chapter | Extent of repeal
Finance Act 2003 (c. 14) | Section 64A. In section 101(7), the words from “section 53” to “companies), or”.
Finance Act 2004 (c. 12) | In Schedule 39, paragraph 18.
(4) Stamp duty land tax: alternative finance
Short title and chapter | Extent of repeal
Finance Act 2003 (c. 14). | Section 71A(6). Section 72(6).
(5) Stamp duty: reliefs for certain company acquisitions
These repeals have effect in accordance with section 169 of this Act.
Short title and chapter | Extent of repeal
Finance Act 1986 (c. 41) | In section 75(4), the words “that the registered office of the acquiring company is in the United Kingdom and”. In section 76(3), the words “that the registered office of the acquiring company is in the United Kingdom and”. Section 77(3)(a).
Part 8 Miscellaneous provisions
(1) Climate change levy: abolition of half-rate supplies etc
These repeals have effect in accordance with section 172 of this Act.
Short title and chapter | Extent of repeal
Finance Act 2000 (c. 17) | In Schedule 6— in paragraph 34(2), the words “(or, in the case of electricity, consumed)”; in paragraph 37(1)(c), the words “half-rate supplies or”; in paragraph 38(1)(c), the words “half-rate supplies or”; paragraph 42(1)(b); paragraph 43; in paragraph 62(1), in paragraph (c), the words “half-rate or” and paragraph (d); paragraph 101(2)(a)(iii); in paragraph 147, the definition of “half-rate supply”.
(2) International tax arrangements
Short title and chapter | Extent of repeal
Inheritance Tax Act 1984 (c. 51) | Section 158(1A). Section 220A.
Finance Act 1987 (c. 16) | Section 70(2).
Income and Corporation Taxes Act 1988 (c. 1) | Section 788(2). Section 815C. Section 816(2) and (2ZA).
Finance Act 2000 (c. 17) | Sections 146 and 147.
Finance Act 2002 (c. 23) | In section 88(2)— in paragraph (a), the words “and 815C(1)”, in paragraph (b), the words “and 815C”, and paragraphs (d) and (e).
Finance Act 2003 (c. 14) | Section 198.
Commissioners for Revenue and Customs Act 2005 (c. 11) | In Schedule 4, in paragraph 37(b), the words “(2), (2ZA) and”.
Propose a change