Part 4Stamp duty land tax
Introduction
42The 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”).