SCHEDULE 24 Homes for Ukraine Sponsorship Scheme: Exemptions from Tax
Finance (No 2) Act 2023 (2023 c 30) | Legislation

SCHEDULE 24 Homes for Ukraine Sponsorship Scheme: Exemptions from Tax

Section 346

Income tax and corporation tax

1

(1)     No liability to income tax or corporation tax arises in respect of a payment which is made by a local authority to a person (“Sâ€) by reason of S—

(a)     being an approved sponsor under the Homes for Ukraine Sponsorship Scheme, and

(b)     providing accommodation to a person granted entry clearance or permission to stay under that scheme.

(2)     This paragraph has effect in relation to payments made on or after 14 March 2022.

Annual tax on enveloped dwellings

2

(1)     Part 3 of FA 2013 (annual tax on enveloped dwellings) is modified as follows.

(2)     That Part has effect as if after section 133 there were inserted—

“133A Deemed property rental business: Homes for Ukraine Sponsorship Scheme

(1)     A day in a chargeable period (“day Xâ€) is to be treated as relievable in relation to a single-dwelling interest by virtue of section 133(1) (property rental business) if (ignoring this section) day X is not relievable by virtue of any of the provisions listed in section 132(3) and—

(a)     in a case where the day immediately

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