(1)This section applies to a land transaction effected by a conveyance, agreement or assignation made, or an instrument executed, solely for the purpose of giving effect to any transfer of property, rights or liabilities held upon trust under section 82.
(2)For the purposes of stamp duty land tax the land transaction is exempt from charge.
(3)Relief under this section must be claimed in a land transaction return or an amendment of such a return.
(4)In this section—
“land transaction” has the meaning given by section 43(1) of the Finance Act 2003;
“land transaction return” has the meaning given by section 76(1) of that Act.]
Textual Amendments