Finance Act 2007
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PART 6 Residential Property Tax | ||
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Amendment of section 110A (clearance on sale of certain residential property) of Finance Act 1983. |
118.— Section 110A (inserted by the Finance Act 1993 ) of the Finance Act 1983 is amended— | |
(a) in subsection (9)— | ||
(i) by substituting “on or after the date of the passing of the Finance Act 1993 and before 1 February 2007” for “on or after the date of the passing of the Finance Act, 1993 ”, and | ||
(ii) by substituting “until the earlier of the expiration of 12 years from that date and 1 February 2007” for “for 12 years from that date”, | ||
and | ||
(b) by inserting the following after subsection (12): | ||
“(13) Subsection (2) of this section shall not apply to the sale of an estate or interest in residential property completed on or after 1 February 2007.”. |