Transitional provision for Finance Regulations Amendment Regulations 2025
11 Transitional provision for Finance Regulations Amendment Regulations 2025
In this regulation —
1 January 2014 instrument means an instrument executed on or after 1 January 2014 and before commencement day;
1 January 2014 transaction means a transaction that took place on or after 1 January 2014 and before commencement day;
1 January 2017 instrument means an instrument executed on or after 1 January 2017 and before commencement day;
1 January 2017 transaction means a transaction that took place on or after 1 January 2017 and before commencement day;
commencement day means the day on which the Finance Regulations Amendment Regulations 2025 regulation 4 comes into operation;
former instrument means —
a 1 January 2014 instrument; or
a 1 January 2017 instrument;
former transaction means —
a 1 January 2014 transaction; or
a 1 January 2017 transaction.
Regulation 3(c) applies in relation to a 1 January 2014 instrument or a 1 January 2014 transaction as if regulation 3(c) came into operation on 1 January 2014.
Regulation 3(d) applies in relation to a 1 January 2017 instrument or a 1 January 2017 transaction as if regulation 3(d) came into operation on 1 January 2017.
Subregulation (2) or (3) does not apply in relation to a former instrument or a former transaction if its application to the former instrument or former transaction would adversely affect a person —
that is, or may become, liable to pay duty on the former instrument or in relation to the former transaction; or
that is a party to the former transaction.
[Regulation 11 inserted: SL 2025/67 r. 5.]
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