Section 95: Charge where consideration includes rent: 0% band, Finance Act 2008

Schedule 5 to FA 2003 (amount of SDLT chargeable: rent) is amended as follows.

In paragraph 9 (SDLT chargeable in respect of consideration other than rent)—

in sub-paragraph (1), insert at the end , and" (but see paragraph 9A) "

omit sub-paragraphs (2), (2A) and (3),

and, accordingly, in the heading before that paragraph, insert at the end ." : general "

After that paragraph insert—

Each of the following provisions of Schedule 6 to that Act (SDLT: disadvantaged areas relief) is amended in accordance with subsection (5)—

paragraph 5(4) (residential land wholly situated in disadvantaged area),

paragraph 6(6) (mixed land wholly situated in disadvantaged area),

paragraph 9(4) (residential land partly situated in disadvantaged area), and

paragraph 10(6) (mixed land wholly partly situated in disadvantaged area).

In those provisions—

in paragraph (a), omit sub-paragraph (i) (and the "and" after it), and

omit paragraph (b).

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

In Schedule 8 to that Act (SDLT: charities relief), in paragraph 3—

in sub-paragraph (3)(b), for "does not exceed £600" substitute , and" is less than £1,000 "

in sub-paragraph (5), for "9(2)" substitute ." 9A "

In Schedule 9 to that Act (SDLT: right to buy etc), after paragraph 4A insert—

In that Schedule, in paragraphs 10(1) and (2) and 11(b) (shared ownership trusts), omit "additional".

In that Schedule, insert at the end—

In Schedule 15 to that Act (SDLT: partnerships)—

in paragraph 11(2B)(a), for "9(2A)" substitute ," 9A(6) "

in paragraph 19(2B), for "9(2A)" substitute , and" 9A(6) "

in paragraph 23(3)(c), for "9(2)" substitute ." 9A "

In Schedule 17A to that Act (SDLT: further provisions relating to leases), in paragraph 18A(5)(a)—

for "9(2)" substitute ," 9A "

for "the Tables" substitute , and" Table B "

for "the relevant rental figure exceeds £600" substitute ." the relevant rent attributable to non-residential property is not less than £1,000 "

The amendments made by this section have effect in relation to transactions with an effective date on or after 12 March 2008.

Section 95: Charge where consideration includes rent: 0% band