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There are currently no known outstanding effects for the Finance Act 2020, Section 42.
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(1)This section, which supplements section 41 (meaning of a group's UK digital services revenues), applies for the purpose of determining when online marketplace revenues arise in connection with accommodation or land.
(2)The revenues are treated as arising in connection with accommodation if they arise in connection with—
(a)the provision of accommodation, or
(b)the provision of services, goods or other property in relation to accommodation, in connection with the provision of the accommodation on the online marketplace.
(3)The revenues are treated as arising in connection with land if they arise in connection with—
(a)the sale of an estate, interest or right in or over land, or
(b)the provision of services, goods or other property in relation to land, in connection with the sale of an estate, interest or right in or over the land on the online marketplace.
(4)In this section—
(a)any reference to providing or selling anything includes offering to provide or sell it;
(b)any reference to providing goods or other property includes providing it temporarily;
(c)“online marketplace revenues” means revenues arising in connection with an online marketplace.
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