PART 8Other taxes
Stamp duty land tax, stamp duty reserve tax and stamp duty
213Rate in respect of residential property where consideration over £2m
F11
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2
The amendment made by this section has effect in relation to any land transaction of which the effective date is on or after 22 March 2012.
3
But that amendment does not have effect in relation to any transaction—
a
effected in pursuance of a contract entered into and substantially performed before 22 March 2012, or
b
effected in pursuance of a contract entered into before that date and not excluded by subsection (4).
4
A transaction effected in pursuance of a contract entered into before 22 March 2012 is excluded by this subsection if—
a
there is any variation of the contract, or assignment (or assignation) of rights under the contract, on or after 22 March 2012,
b
the transaction is effected in consequence of the exercise on or after that date of any option, right of pre-emption or similar right, or
c
on or after that date there is an assignment (or assignation), subsale or other transaction relating to the whole or part of the subject-matter of the contract as a result of which a person other than the purchaser under the contract becomes entitled to call for a conveyance.