SCHEDULE 23 Freeports and Investment Zones: Consequential Amendments
Finance (No 2) Act 2023 (2023 c 30) | Legislation

SCHEDULE 23 Freeports and Investment Zones: Consequential Amendments

Sections 331 and 332

FA 2003

1

Part 4 of FA 2003 (stamp duty land tax) is amended as follows.

2

In section 61A—

(a)     in subsection (1), for “freeport tax site†substitute “special tax siteâ€,

(b)     in subsection (5)(a), for “14 October 2027†substitute “the period of one year and 14 days beginning with the end of the applicable sunset date in relation to the special tax site in which the transaction land is situatedâ€,

(c)     in subsection (6), for the words from ““freeport tax siteâ€â€ to the end substitute ““special tax site†means an area for the time being designated under section 113 of the Finance Act 2021â€, and

(d)     in the heading, for “freeport tax sites†substitute “special tax sitesâ€.

3

In section 81—

(a)     in subsection (1A)(aa), for “freeport tax sites†substitute “special tax sitesâ€, and

(b)     in subsection (1B)(eb)—

(i)     for “freeport tax sites†substitute “special tax sitesâ€, and

(ii)     for “qualifying freeport land†substitute “qualifying landâ€.

4

In section 81ZA—

(a)     in subsection (1), for “freeport tax sites†substitute “special tax sitesâ€, and

(b)     in subsection (3)(c), for “qualifying freeport land†substitute “qualifying

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