SCHEDULE 19 Stamp Duty Land Tax: Commencement and Transitional Provisions
Finance Act 2003 (2003 c 14) | Legislation

SCHEDULE 19 Stamp Duty Land Tax: Commencement and Transitional Provisions

Section 124

Introduction

1

(1)     Subject to the provisions of this Schedule, the provisions of this Part come into force on the passing of this Act.

(2)     The following provisions have effect as regards what transactions are SDLT transactions, that is, are chargeable or notifiable or are transactions in relation to which section 79 (registration etc) applies.

(3)     Nothing in this Schedule shall be read as meaning that other transactions, whether effected before or after the passing of this Act, are to be disregarded in applying the provisions of this Part.

The implementation date

2

(1)     A transaction is not an SDLT transaction unless the effective date of the transaction is on or after the implementation date.

(2)     In this Part “the implementation date†means the date appointed by Treasury order as the implementation date for the purposes of stamp duty land tax.

Contract entered into before first relevant date

3

(1)     Subject to the following provisions of this paragraph, a transaction is not an SDLT transaction if it is effected in pursuance of a contract entered into before the first relevant date.

(2)

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