C1C2C3C4Part 4Stamp duty land tax

Annotations:
Modifications etc. (not altering text)
C3

Pt. 4 modified (17.7.2013) by Finance Act 2013 (c. 29), s. 194(8)-(12)

C4

Pt. 4 applied (17.7.2014) by Finance Act 2014 (c. 26), ss. 223(8)(9)(d)

Introduction

42I1The tax

1

A tax (to be known as “stamp duty land tax”) shall be charged in accordance with this Part on land transactions.

2

The tax is chargeable—

a

whether or not there is any instrument effecting the transaction,

b

if there is such an instrument, whether or not it is executed in the United Kingdom, and

c

whether or not any party to the transaction is present, or resident, in the United Kingdom.

3

The tax is under the care and management of the Commissioners of Inland Revenue (referred to in this Part as “the Board”).