Section 67 — Finance Act 2003: Transfer in consequence of reorganisation of parliamentary constituencies

Transfer in consequence of reorganisation of parliamentary constituencies 67 1 Where—

a an Order in Council is made under the Parliamentary Constituencies Act 1986 (c. 56) (orders specifying new parliamentary constituencies),

and b an existing local constituency association transfers a chargeable interest to—

i a new association that is a successor to the existing association, or ii a related body that as soon as practicable transfers the interest or right to a new association that is a successor to the existing association, the transfer, or where paragraph (b)(ii) applies each of the transfers, is exempt from charge.

2 In relation to any such order as is mentioned in subsection (1)(a)—

a “ the date of the change ” means the date on which the order comes into operation;

b “ former parliamentary constituency ” means an area that, for the purposes of parliamentary elections, was a constituency immediately before that date but is no longer such a constituency after that date;

c “ new parliamentary constituency ” means an area that, for the purposes of parliamentary elections, is such a constituency after that date but was not such a constituency immediately before that date.

3 In relation to the date of the change—

a “ existing local constituency association ” means a local constituency association whose area was the same, or substantially the same, as the area of a former parliamentary constituency or two or more such constituencies, and b “ new association ” means a local constituency association whose area is the same, or substantially the same, as that of a new parliamentary constituency or two or more such constituencies.

4 In this section—

a “ local constituency association ” means an unincorporated association (whether described as an association, a branch or otherwise) whose primary purpose is to further the aims of a political party in an area that at any time is or was the same or substantially the same as the area of a parliamentary constituency or two or more parliamentary constituencies, and b “ related body ”, in relation to such an association, means a body (whether corporate or unincorporated) that is an organ of the political party concerned.

5 For the purposes of this section a new association is a successor to an existing association if any part of the existing association’s area is comprised in the new association’s area.