After section 2 of the Industry Act 198015 insert—

“Stamp duty land tax2A.

(1)

A land transaction—

(a)

by which property is transferred under section 2, and

(b)

which is not exempt from charge by virtue of section 66(1) of the Finance Act 2003 (transfers between public bodies in consequence of reorganisation exempt from stamp duty land tax),

is exempt from charge.

(2)

Relief under this section must be claimed in a land transaction return or an amendment of such a return.

(3)

In this section—

“exempt from charge” means exempt from charge under Part 4 of the Finance Act 2003;

“land transaction” has the meaning given by section 43(1) of that Act;

“land transaction return” has the meaning given by section 76(1) of that Act.”.