The Stamp Duty Land Tax (Consequential Amendment of Enactments) Regulations 2003

Industry Act 1980

11.  After section 2 of the Industry Act 1980(1) insert—

“Stamp duty land tax

2A.— (1) A land transaction—

(a) by which property is transferred under section 2, and

(b) which is not exempt from charge by virtue of section 66(1) of the Finance Act 2003 (transfers between public bodies in consequence of reorganisation exempt from stamp duty land tax),

is exempt from charge.

(2) Relief under this section must be claimed in a land transaction return or an amendment of such a return.

(3) In this section—

“exempt from charge” means exempt from charge under Part 4 of the Finance Act 2003;

“land transaction” has the meaning given by section 43(1) of that Act;

“land transaction return” has the meaning given by section 76(1) of that Act.”.

(1)

1980 c. 33.