(1) Section 58D of, and Schedule 6B to, the Finance Act 2003 (relief for transfers involving multiple dwellings) are repealed.
(2) In consequence of the repeal of those provisions —
(a) in Part 4 of the Finance Act 2003—
(i) in section 87(3) (interest on unpaid tax: meaning of “relevant date”), omit paragraph (aza),
(ii) in Schedule 4A (higher rates for certain transactions), in paragraph 2(6), omit paragraph (d) and, in paragraph 7, for sub-paragraph (6) substitute—
“(6) In sub-paragraph (5) —
“contract” includes any agreement;
“relevant deeming provision” means any of sections 44 to 45A, paragraph 5(1) or (2) of Schedule 2A or paragraph 12A or 19(3) of Schedule 17A.”,
(iii) in Schedule 5 (amount of tax chargeable: rent), in paragraph 9, in sub-paragraph (4), omit “or 6B” and, in sub-paragraph (5), omit “or Schedule 6B”,
(iv) in Schedule 10 (returns, enquiries, assessments and appeals), in paragraph 12(2A)(a), for “, 81 A” substitute “or 81 A” and omit “or paragraph 6 of Schedule 6B (adjustment for change of circumstances)”, and
(v) in Schedule 15 (partnerships), in paragraphs 11 (2C) and 19(2C), in the substituted paragraph, omit “or 6B”,
(b) in Schedule 36 to the Finance Act 2008 (information and inspection powers), in paragraph 21A(7), omit paragraph (b) and the “or” before it, and
(c) in the Finance Act 2011, omit section 83 and Schedule 22 (transfers involving multiple dwellings).
(3) The amendments made by this Resolution have effect in relation to land transactions the effective date of which falls on or after 1 June 2024.
(4) But those amendments do not have effect in relation to a land transaction if—
(a) the transaction is effected in pursuance of a contract entered into and substantially performed before 1 June 2024, or
(b) the transaction is effected in pursuance of a contract entered into on or before 6 March 2024 and is not excluded.