SCHEDULE 23 Relief from Stamp Duty Land Tax for Freeport Tax Sites
Finance Act 2021 (2021 c 26) | Legislation

SCHEDULE 23 Relief from Stamp Duty Land Tax for Freeport Tax Sites

Section 115

1

Part 4 of FA 2003 (stamp duty land tax) is amended as follows.

2

After section 61 insert—

“61A Relief for freeport tax sites

(1)     Schedule 6C provides for relief in the case of transactions relating to land in a freeport tax site.

(2)     In that Schedule—

(a)     Part 1 contains definitions,

(b)     Part 2 makes provision about the relief,

(c)     Part 3 makes provision about the withdrawal of the relief,

(d)     Part 4 makes provision about cases involving alternative finance arrangements, and

(e)     Part 5 confers power to change the cases in which the relief is available.

(3)     Relief under that Schedule is available only in relation to a land transaction with an effective date falling on or before 30 September 2026.

(4)     Any relief under that Schedule must be claimed in a land transaction return or an amendment of such a return.

(5)     A claim for relief under that Schedule must—

(a)     be made on or before 14 October 2027, and

(b)     include, or be accompanied by, such information as HMRC may require.

(6)     In this section

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