Section 65A | Seeding relief ^F1

(1)Schedule 7A provides for relief from stamp duty land tax.^F1

(2)In that Schedule—^F1

(a)Part 1 makes provision for relief for property authorised investment funds (PAIF seeding relief), and^F1

(b)Part 2 makes provision for relief for co-ownership authorised contractual schemes and Reserved Investor Funds (Contractual Schemes) (co-ownership scheme seeding relief).^F1F2

(3)Any relief under that Schedule must be claimed in a land transaction return or an amendment of such a return, and must be accompanied by a notice to HMRC referring to the claim.^F1

(4)In the case of a claim for PAIF seeding relief, the notice must confirm that the purchaser is—^F1

(a)a property AIF as defined in paragraph 2(2) of Schedule 7A, or^F1

(b)a company treated as a property AIF by virtue of paragraph 2(5) of Schedule 7A (equivalent EEA funds).^F1

(5)In the case of a claim for co-ownership scheme seeding relief, the notice must confirm that the purchaser is—^F1F3

(a)a co-ownership authorised contractual scheme or a Reserved Investor Fund (Contractual Scheme) as defined in section 102A(8), or^F1F4

(b)an entity treated as a co-ownership authorised contractual scheme by virtue of section 102A(7) (equivalent EEA schemes).^F1

(6)The notice must be in such form, and contain such further information, as HMRC may require.^F1

(7)Co-ownership scheme seeding relief may not be claimed where the purchaser is a Reserved Investor Fund (Contractual Scheme) if the scheme—^F5

(a)has previously claimed such relief, and^F5

(b)following that claim ceased, at any time, to be a Reserved Investor Fund (Contractual Scheme).^F5