Schedule 10 - Stamp duty land tax: miscellaneous amendments
Finance Bill
3:00 pm
Frank Cook (Stockton North, Labour)
With this it will be convenient to discuss the following amendments: No. 96, in schedule 10, page 145, line 13, at end insert
'and relief has not been withdrawn by virtue of paragraphs 3 or 9 on or before the change of control in the purchaser to which this paragraph applies,'.
No. 97, in schedule 10, page 145, line 42, at end insert—
'(6) Where—
(a) there is a change of control of the purchaser; and
(b) the same circumstances that give rise to a change of control of the purchaser in relation to the relevant transaction may also give rise to a change of control of the vendor; and
(c) paragraph 4A(1) could apply in relation to an earlier transaction on which group relief has been obtained and not withdrawn (''the prior transaction'') in relation to which the vendor (under the relevant transaction) was the purchaser (under the prior transaction);
paragraphs 3 and 4 shall only apply to the prior transaction if and to the extent that the market value of the property the subject of the prior transaction, exceeds the market value of the property the subject of the relevant transaction''.'.