[F177Notifiable transactionsU.K.
(1)A land transaction is notifiable if it is—
(a)an acquisition of a major interest in land that does not fall within one or more of the exceptions in section 77A,
(b)an acquisition of a chargeable interest other than a major interest in land where there is chargeable consideration in respect of [F2any part of which tax is chargeable at a rate of more than 0%] or would be so chargeable but for a relief,
(c)a land transaction that a person is treated as entering into by virtue of section 44A(3), F3...
(d)a notional land transaction under section 75A [F4or
(e)a notional or additional land transaction under paragraph 5 of Schedule 2A.]
(2)This section has effect subject to—
(a)sections 71A(7) F5..., and
(b)paragraph 30 of Schedule 15.
(3)In this section “relief” does not include an exemption from charge under Schedule 3.]
Textual Amendments
F1 Ss. 77, 77A substituted for s. 77 (with effect in accordance with s. 94(5) of the amending Act) by Finance Act 2008 (c. 9), s. 94(2)
F2Words in s. 77(1)(b) substituted (with effect in accordance with s. 2(2) of the amending Act) by Stamp Duty Land Tax Act 2015 (c. 1), Sch. para. 9 (with s. 2(3)-(6))
F3Word in s. 77(1) omitted (with effect in accordance with Sch. 39 para. 11 of the amending Act) by virtue of Finance Act 2013 (c. 29), Sch. 39 para. 5(a)
F4S. 77(1)(e) and word inserted (with effect in accordance with Sch. 39 para. 11 of the amending Act) by Finance Act 2013 (c. 29), Sch. 39 para. 5(b)
F5Words in s. 77(2)(a) omitted (with effect in accordance with s. 29(4) of the amending Act) by virtue of Scotland Act 2012 (c. 11), s. 44(2)(b)(3)(b), Sch. 3 para. 17 (with s. 29(5)(6)); S.I. 2015/637, art. 2