Statement by the Delegation of Norway, also on behalf of Canada, Iceland and Liechtenstein, on the so-called referendum in the occupied Tskhinvali region of Georgia

This section makes modifications of Part 4 of the Finance Act 2003 in relation to any land transaction the effective date of which falls in the period (“the temporary relief period”)—

Part of relevant consideration Percentage So much as does not exceed £250,000 0% So much as exceeds £250,000 but does not exceed £925,000 5% So much as exceeds £925,000 but does not exceed £1,500,000 10% The remainder (if any) 12%

Part of relevant consideration Percentage So much as does not exceed £250,000 5% So much as exceeds £250,000 but does not exceed £925,000 10% So much as exceeds £925,000 but does not exceed £1,500,000 15% The remainder (if any) 17%

Rate bands Percentage £0 to £250,000 0% Over £250,000 1%

Schedule 6ZA (relief for first-time buyers) has effect as if—

In a case where— section 44(8) of that Act is not to apply in relation to that conveyance if the sole reason that (but for this subsection) it would have applied is the reason given by subsection (6A).

For this purpose, the sole reason is either—

Section 44(10) of the Finance Act 2003 applies for the purposes of subsection (6).