Finance Act 2025
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Amendment of section 46 of, and Schedule 3 to, Principal Act (reduced rate for housing as part of a social policy) | ||
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70. (1) The Principal Act is amended, with effect as on and from 8 October 2025— | ||
(a) in section 46(1)— | ||
(i) in paragraph (a), by the insertion of “(cab),” after “(caa),”, | ||
(ii) in paragraph (c), by the insertion of “, (cab)” after “(caa)”, and | ||
(iii) by the insertion of the following paragraph after paragraph (caa): | ||
“(cab) during the period from 8 October 2025 to 25 November 2025, 9 per cent in relation to goods of a kind specified in paragraph 9A of Schedule 3 on which tax would, but for this paragraph, be chargeable in accordance with paragraph (c);”, | ||
and | ||
(b) in Schedule 3— | ||
(i) in Part 2, by the insertion of the following paragraph after paragraph 9: | ||
“Housing as part of a social policy. | ||
9A. The supply of housing, as part of a social policy, being the supply of an apartment, used or to be used for residential purposes, in an apartment block within the meaning of section 31E of the Stamp Duties Consolidation Act 1999 .”, | ||
and | ||
(ii) in Part 3, by the substitution of the following paragraph for paragraph 14: | ||
“14. Subject to paragraph 9A, the supply of immovable goods used or to be used for residential purposes.”. | ||
(2) The Principal Act is amended, with effect as on and from 26 November 2025— | ||
(a) in section 46(1)— | ||
(i) in paragraph (a) (amended by subsection (1)(a)(i)), by the insertion of “(cac),” after “(cab),”, | ||
(ii) in paragraph (c) (amended by subsection (1)(a)(ii)), by the insertion of “, (cac)” after “(cab)”, and | ||
(iii) by the insertion of the following paragraph after paragraph (cab) (inserted by subsection (1)(a)(iii)): | ||
“(cac) during the period from 26 November 2025 to 31 December 2030, 9 per cent in relation to— | ||
(i) goods of a kind specified in subparagraph (2) of paragraph 9B of Schedule 3, and | ||
(ii) services of a kind specified in subparagraph (3) of paragraph 9B of Schedule 3, | ||
on which tax would, but for this paragraph, be chargeable in accordance with paragraph (c);”, | ||
and | ||
(b) in Schedule 3— | ||
(i) in Part 2— | ||
(I) in paragraph 9(1), by the insertion of “(not being services referred to in paragraph 9B(3))” after “Services”, and | ||
(II) by the insertion of the following paragraph after paragraph 9A (inserted by subsection (1)(b)(i)): | ||
“Supply and construction of housing as part of a social policy. | ||
9B. (1) In this paragraph— | ||
‘apartment block’ means a multi-storey building that comprises, or will comprise, not less than 3 apartments with grouped or common access; | ||
‘completed’ has the same meaning as it has in section 94. | ||
(2) The supply of immovable goods, as part of a social policy, which are or, when completed, will be— | ||
(a) one or more than one apartment, used or to be used for residential purposes, in an apartment block, or | ||
(b) an apartment block, used or to be used for residential purposes, but excluding any part of the apartment block that is not used or to be used for residential purposes. | ||
(3) Services consisting of the development, until completed, of immovable goods to which subparagraph (2) applies.”, | ||
(ii) in Part 3, by the substitution of the following paragraph for paragraph 14 (amended by subsection (1)(b)(ii)): | ||
“Housing. | ||
14. The supply of immovable goods used or to be used for residential purposes, other than immovable goods to which paragraph 9A or 9B(2), as the case may be, applies.”, | ||
and | ||
(iii) in Part 4, in paragraph 15(2), by the insertion of “or 9B(3)” after “paragraph 9(1)”. |