[Part 1 Qualifying Freeport Land]
Finance Act 2003 (2003 c 14) | Legislation

[SCHEDULE 6C Stamp Duty Land Tax: Relief for]

[Section 61A]

[Part 1 Qualifying Freeport Land]

[Transaction land

1

In this Schedule, “transaction landâ€, in relation to a land transaction, means land a chargeable interest in which is the subject matter of the transaction.

[Qualifying land

2

For the purposes of this Schedule, transaction land is “qualifying land†if, on the effective date of the transaction—

(a)     it is situated in a special tax site, and

(b)     the purchaser intends it to be used exclusively in a qualifying manner.]

Use of land in a qualifying manner

3

(1)     For the purposes of this Schedule, transaction land is used in a qualifying

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