[81ZA Alternative finance arrangements: return where relief withdrawn]
Finance Act 2003 (2003 c 14) | Legislation

[81ZA  Alternative finance arrangements: return where relief withdrawn]

[(1)     Where relief given in respect of a transaction entered into under alternative finance arrangements is withdrawn to any extent under any of paragraphs 6D, 6F, 6G[, 6H or 6I] of Schedule 4A (higher rate of tax: alternative finance arrangements) [or under Part 3 of Schedule 6C (relief for [special tax sites]) in a case to which paragraph 11 of that Schedule (alternative finance arrangements) applies]—

(a)     the relevant person must deliver a return to HMRC before the end of the period of 30 days after the date of the disqualifying event;

(b)     the return must contain a self-assessment of the additional tax chargeable as a result of the withdrawal of the relief;

(c)     the tax so chargeable is calculated [according to] the effective date of the transaction in respect of which the relief was allowed.

[(2)     The provisions of Schedule 10 (returns, assessments and other matters) apply for the purposes of this section with the following modifications—

(a)     references to a return under section 76 (general requirement to deliver land transaction return) are to be read as references to a return under subsection (1);

(b)     references to the transaction to which

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