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HMRC internal manual

Investment Funds Manual

Property authorised investment funds (PAIFs): seeding relief

General description

Section 65A and Schedule 7A of the Finance Act 2016 introduced a new 100% relief from SDLT for the exchange of a major interest in property in return for units in a CoACS (or a property authorised investment fund) – “Schedule 7A relief”.

SDLT guidance will be amended in due course to address this relief.