Is section 96 about a revenue notice?
SECTION 96.
Question proposed: "That section 96 stand part of the Bill."
Provisions were introduced in 1990 to bring certain large new houses within the charge to stamp duty — houses above a certain floor area which were not under the general stamp duty exemption. Small new houses and houses up to 125 square metres were, and still are, exempt from stamp duty provided a floor area certificate has been issued by my colleague, the Minister for the Environment.
The 1990 provision were relaxed in 1993 and since that date most large new houses are liable for stamp duty only on the greater of the site cost or 25 per cent of the aggregate cost of the site, plus construction works. The 1990 and 1993 provisions were clearly intended to relate only to new houses.
However, efforts have been made by a small number of taxpayers to have the 1993 provisions applied to second-hand houses. One appeal case has been heard by the Appeal Commissioners but they have not yet made a decision on the case.
This makes sure it does not.
Yes.
Question put and agreed to.
Sections 97 and 98 agreed to.