Part XIII Financial Provisions
281AF1Stamp duty land tax
1
A land transaction to which the Minister is a party is exempt from charge for the purposes of stamp duty land tax if—
a
the transaction relates to a highway or proposed highway which is, or is to become, a trunk road, and
b
but for this section stamp duty land tax would be payable in respect of the transaction as an expense incurred by the Minister under this Act.
2
Relief under this section must be claimed in a land transaction return or an amendment of such a return.
3
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.