Finance Act, 1999
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Amendment of section 649A (relevant disposals: rate of charge) of Principal Act. |
91.—(1) Section 649A of the Principal Act is hereby amended in subsection (2)— | |
(a) by the substitution of the following subparagraph for subparagraph (ii) of paragraph (b): | ||
“(ii) being a disposal, at any time in the period beginning on the 10th day of March, 1999, and ending on the 5th day of April, 2002, of land— | ||
(I) to— | ||
(A) a housing authority (within the meaning of section 23 of the Housing (Miscellaneous Provisions) Act, 1992 ), | ||
(B) the National Building Agency Limited (being the company referred to in section 1 of the National Building Agency Limited Act, 1963 ), or | ||
(C) a body standing approved of for the purposes of section 6 of the Housing (Miscellaneous Provisions) Act, 1992 , | ||
which land is specified in a certificate in writing given by a housing authority or the National Building Agency Limited, as appropriate, as land being required for the purposes of the Housing Acts, 1966 to 1998, | ||
(II) in respect of the whole of which, at the time at which the disposal is made, permission for residential development has been granted under section 26 of the Local Government (Planning and Development) Act, 1963 , and such permission has not ceased to exist, other than a disposal to which paragraph (c) applies, or | ||
(III) in respect of the whole of which, at the time at which the disposal is made, is, in accordance with a development objective (as indicated in the development plan of the planning authority concerned), for use solely or primarily for residential purposes, other than a disposal to which paragraph (c) applies.”, | ||
and | ||
(b) by the insertion of the following paragraph after paragraph (b): | ||
“(c) This paragraph applies to a relevant disposal being a disposal— | ||
(i) by any person (‘the disponer’) to a person who is connected with the disponer, or | ||
(ii) of land under a relevant contract in relation to the disposal.”. | ||
(2) This section shall apply to a relevant disposal made on or after the 10th day of March, 1999. |